With a capital gain of 23.38% for the last 12 months, Norlane, 3214 has performed for property investments than its average annual 7.02% property growth over the last 5 years.
Norlane,3214 was ranked 370 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Norlane itself are offering an average vendor discount of -4.08% to real estate investors.
Norlane, 3214’s gross rental yield is 4.56%
Norlane is in the TOP 20% in VIC when comparing median price capital growth over the last year. Norlane gave property investors a very good capital gain figure when compared to the rest of the state, with 15.65%.
If we look at median property appreciation over just the last three months, Norlane has given property investors a paper return of 7.47%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Norlane are currently offering property investors an average price cut of -6.33% below the asking price at the moment.
The VIC suburb of Norlane, 3214 is in the Greater Geelong local government area.