Over the last year, property investments in East Geelong, 3219 have given investors a capital gain of 13.40%. This compares favourably with the 8.23% for VIC as a whole.
Over the longer term, East Geelong has seen property prices show investors a 19.55% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in East Geelong should be aiming for at least -6.19% off the asking price, which is the average vendor discount being achieved at the moment.
Investment property in East Geelong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.79%
If we look at median property appreciation over just the last three months, East Geelong has given property investors a paper return of 16.03%. This puts Suburb as 2 on a list of fastest fasting appreciating suburbs in VIC
A $290 per week rent on the median house gives suburb investors a gross yield of circa 3.97%, without taking into account capital value appreciation, which has been averaging out at 7.06%.