Over the last year, property investments in North Geelong, 3215 have given investors a capital gain of 23.88%. This compares very favourably with the 8.91% for VIC as a whole.
While North Geelong,3215 ranked number 61th in VIC for increase in median house value (annualised) increase, it is ranked 302th over the last 5 years.
Our latest figures would indicate that property sellers in North Geelong are currently offering property investors an average price cut of -3.55% below the asking price at the moment.
With the median price for a house in North Geelong being $455250 and the advertised rent reaching $312 the gross rental yield for property investors calculates out to be 3.56%