East Geelong has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.48% to date .
Over the longer term, East Geelong has seen property prices show investors a 13.89% return over the last 3 years. This is an improvement over the last 12 months
Vendor discounting in East Geelong is giving property investors an average Vendor Discount of around -6.74%. This puts suburb at number 194th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
East Geelong is 326th on a list of best yielding suburbs for rents in VIC with a 3.55% return
At number 142th in the list of Australian suburbs ordered by increase in median house value over the last year, East Geelong, 3219 is in the top 10% with a property value increase of 17.23% recorded in median house prices.
With the median price for a house in East Geelong being $381000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 3.96%