At number 391th 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 18.28% recorded in median house prices.
Taking the average capital gain, or increase in median house value, East Geelong,3219 has racked up an average of 18.28% over the period. This ranks it number 1690th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in East Geelong should be aiming for at least -4.77% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 81 properties changed hands in East Geelong, which puts it as the 322th 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.
Giving property investors a a stable capital gain of 6.87% for the last year, East Geelong, 3219 is the 578th highest performer in Australia in this respect.
While East Geelong,3219 ranked number 354th in VIC for increase in median house value (annualised) increase, it is ranked 67th over the last 5 years.
Property buyers and investors in East Geelong 3219 should be seeing an average reduction in asking price of around -5.31% . This means that East Geelong is holding prices well when compared to other suburbs in VIC.
Residents and property investors in East Geelong have been waiting around 85.8 days to sell a property.
Situated 64.17km from the CBD, East Geelong is one of Greater Geelong localities in the postcode 3219.