Over the last year, property investments in East Geelong, 3219 have given investors a capital gain of 15.90%. This compares favourably with the 9.78% for VIC as a whole.
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 490th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
Over the last year, property investments in East Geelong, 3219 have given investors a capital gain of 8.40%. This compares favourably with the 4.83% for VIC as a whole.
At number 130th of VIC’s most discounted properties, East Geelong is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in East Geelong being $355000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.25%