Investment property in Corio has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.07%
When looking at the potential capital gains offered to property investors over the last 3 years, Corio comes in at number 513th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Corio, 3214. Typically our figures indicate that -4.66% is being offered, which puts this VIC suburb at 2628th most discounted overall in Australia.
At number 593 in a list of fastest selling suburbs, Corio is in the TOP 20% of suburbs in Australia with an average of days on market 49.08 for properties listed there.
Situated 60.31km from the CBD, Corio is one of Greater Geelong localities in the postcode 3214.
Property value increases in Corio have tracked close to the VIC average of 4.83% over the last 12 months.
Corio,3214 has offered an average of 3.72% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Corio 3214 should be seeing an average reduction in asking price of around -5.80% . This means that Corio is holding prices well when compared to other suburbs in VIC.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 5.13%, without taking into account capital value appreciation, which has been averaging out at 5.40%.