Property value increases in East Geelong have tracked just higher than the VIC average of 11.00% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in East Geelong has increased when compared to the 5 year average annual rate.
East Geelong, 3219 is offering VIC ‘s 559th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
In the last year 87 properties changed hands in East Geelong, which puts it as the 302th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
East Geelong has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -13.57% to date .
East Geelong,3219 was ranked 1684 in Australia by increase in median property value over the quarter.
Vendor discounting in East Geelong is giving property investors an average Vendor Discount of around -5.10%. This puts suburb at number 119th in VIC when ranking the most discounted suburbs.
In the last year 14 properties changed hands in East Geelong, which puts it as the 343th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of East Geelong, 3219 is in the Greater Geelong local government area.