Over the last year, property investments in Whittington, 3219 have given investors a capital gain of 9.96%. This compares averagely with the 9.04% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Whittington comes in at number 550th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Whittington, 3219. Typically our figures indicate that -4.92% is being offered, which puts this VIC suburb at 2514th most discounted overall in Australia.
Whittington is 101th on a list of best yielding suburbs for rents in VIC with a 5.16% return
With a capital gain of 3.90% for the last 12 months, Whittington, 3219 has performed for property investments than its average annual 2.05% property growth over the last 5 years.
While Whittington,3219 ranked number 9th in VIC for increase in median house value (annualised) increase, it is ranked 334th over the last 5 years.
The most recent median price for Whittington is $200000, with sellers offering an average of -4.35% off the asking price.
Situated 64.52km from the CBD, Whittington is one of Greater Geelong localities in the postcode 3219.
The Greater Geelong suburb of Whittington scores highly for growth potential, according to Redwerks research director Jeremy Sheppard.Full summary
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The unit market in Whittington on Geelong’s eastern fringe has not been enjoying a strong run in recent times.Close
With a median unit price of just $200,000, it may look like a prime place to grab a bargain, but investors shouldn’t be sucked in by that affordability.
Over the past 12 months the median price has fallen by 9%, with a drop of 6% over the past five years.
It doesn’t appear that buyers think Whittington is due for a change in circumstances either, with units spending 102 days on the market, on average. Vendors are also offering average discounts of 6%.
While investors in Whittington’s apartment market will be hoping for no further price falls, they are at least seeing strong rental yields of 6% at the moment.
However, the rental market may be in danger of deteriorating, with figures from Real Estate Investar showing its vacancy rate has grown from 0.56% to 1.06% over the past 12 months.