Investment property in Corio has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 21.31%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Corio has increased when compared to the 5 year average annual rate.
Property buyers and investors in Corio 3214 should be seeing an average reduction in asking price of around -4.80% . This means that Corio is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Corio the average time real estate has been on the market is 36.22 days.
Property investors should expect to get $295 weekly from the median priced house in this suburb.
Property investors who have had real estate in Corio, 3214 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.95%
Often selling an investment property can take time, and in Corio the average time real estate has been on the market is 55.3 days.
Situated 60.18km from the CBD, Corio is one of Greater Geelong (C) localities in the postcode 3214.
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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.