East Geelong has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.47% to date .
Comparing East Geelong,3219 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that East Geelong is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 241th in terms of most discounted suburbs in VIC
Advertised rents are around the $330 mark per week – giving a return of 3.59% based on the median price in Suburb
Property value increases in East Geelong have tracked close to the VIC average of 3.56% over the last 12 months.
East Geelong,3219 has offered an average of 2.60% return per annum in house price rises to property investors over the last three years.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.49%, without taking into account capital value appreciation, which has been averaging out at 4.83%.