VIC has seen average median house prices change by 7.68% which means that Norlane, 3214 has done well for property investors by showing a capital gain of 4.70% over the last year
Over the longer term, Norlane has seen property prices show investors a 11.34% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Norlane is giving property investors an average Vendor Discount of around -6.21%. This puts suburb at number 240th in VIC when ranking the most discounted suburbs.
Residents and property investors in Norlane have been waiting around 64.04 days to sell a property.
Situated 61.75km from the CBD, Norlane is one of Greater Geelong localities in the postcode 3214.
Norlane is an average performer in VIC when comparing median price capital growth over the last year. Norlane gave property investors a good capital gain figure when compared to the rest of the state, with 7.23%.
Taking the average capital gain, or increase in median house value, Norlane,3214 has racked up an average of 7.23% over the period. This ranks it number 1263th in the whole country for real estate investors looking at median house price increases.
At number 126th of VIC’s most discounted properties, Norlane is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $250 mark per week – giving a return of 5.65% based on the median price in Suburb