Giving property investors a a stable capital gain of 8.03% for the last year, Norlane, 3214 is the 1429th highest performer in Australia in this respect.
A 14.88% growth in median value for property investors in Norlane,3214 puts this suburb at number 220th in terms of best performing suburbs in VIC
The most recent median price for Norlane is $235500, with sellers offering an average of -5.37% off the asking price.
At number 1043 in a list of fastest selling suburbs, Norlane is in the TOP 30% of suburbs in Australia with an average of days on market 63.72 for properties listed there.
Situated 61.76km from the CBD, Norlane is one of Greater Geelong localities in the postcode 3214.
Norlane, 3214 ranked 128th in VIC when comparing growth in median property values or capital gain over the last 12 months. Norlane is one of 2098 in our list for VIC
Over the longer term, Norlane has seen property prices show investors a -8.00% return over the last 3 years. This is an improvement over the last 12 months
Norlane, 3214 is offering VIC ‘s 207th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 5.65%, without taking into account capital value appreciation, which has been averaging out at 2.06%.