At number 2164th in the list of Australian suburbs ordered by increase in median house value over the last year, Breakwater, 3219 is in the BOTTOM 50% with a property value increase of 4.76% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Breakwater,3219 has racked up an average of 4.76% over the period. This ranks it number 2744th in the whole country for real estate investors looking at median house price increases.
Situated 65.78km from the CBD, Breakwater is one of Greater Geelong localities in the postcode 3219.
Our latest figures would indicate that property sellers in Breakwater are currently offering property investors an average price cut of -5.40% below the asking price at the moment.
With the median price for a house in Breakwater being $305000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.26%