Property value increases in Corio have tracked close to the VIC average of 10.43% over the last 12 months.
Over the longer term, Corio has seen property prices show investors a 14.41% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Corio is giving property investors an average Vendor Discount of around -4.36%. This puts suburb at number 390th in VIC when ranking the most discounted suburbs.
Corio is 90th on a list of best yielding suburbs for rents in VIC with a 5.20% return
If you compare the increase in value of investment property in Corio, 3214 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.58%.
When looking at the potential capital gains offered to property investors over the last 3 years, Corio comes in at number 297th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Corio itself are offering an average vendor discount of -6.40% to real estate investors.
With the median price for a house in Corio being $227000 and the advertised rent reaching $225 the gross rental yield for property investors calculates out to be 5.15%