Giving property investors a a solid capital gain of 26.76% for the last year, Corio, 3214 is the 126th highest performer in Australia in this respect.
Corio,3214 has offered an average of 26.76% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Corio should be aiming for at least -3.51% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 308 properties changed hands in Corio, which puts it as the 41th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Corio, 3214 is in the Greater Geelong local government area.
Corio is in the TOP 10% in VIC when comparing median price capital growth over the last year. Corio gave property investors a very good capital gain figure when compared to the rest of the state, with 22.03%.
Corio3214 is located in VIC which offers an average discount of -4.65% to property investors. Corio itself is showing figures that indicate -4.96% is the average achievable by property buyers investing in the suburb.
A $222.5 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 6.51%.
One of the biggest suburbs in the Geelong area, Corio displays significant growth potential that could attract investors looking to stake a claim in VictoriaFull summary
Information supplied by:
Affordability lifts Geelong suburb
Median unit price: $242,000
Three-year growth: 15.2%
Rental yield: 4.7%
One of the biggest suburbs in the Geelong area, Corio displays significant growth potential that could attract investors looking to stake a claim in Victoria.
The low price tag certainly does not hurt, with Corio apartments coming in at a median price of under $250,000. This is accompanied by spikes in growth over the past five years leading up to December 2017 – in the December 2017 quarter alone, the suburb recorded a 7.6% increase in prices. Rental returns are strong as well at an average of 4.7%.
Corio is primarily a residential and industrial suburb, and is well located just 9km from the Geelong CBD. It is home to the Corio Shopping Centre, and is served by the Corio railway station.Close