VIC has seen average median house prices change by 8.23% which means that South Geelong, 3220 has done well for property investors by showing a capital gain of 12.50% over the last year
If we look at median property appreciation over just the last three months, South Geelong has given property investors a paper return of 8.32%. This puts Suburb as 35 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in South Geelong should be aiming for at least -3.63% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
South Geelong is 332th on a list of best yielding suburbs for rents in VIC with a 3.62% return