If you compare the increase in value of investment property in East Geelong, 3219 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.30%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in East Geelong has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that East Geelong is offering property investors an average of -5.39. This rate of discount on properties puts Suburb at number 241th in terms of most discounted suburbs in VIC
Residents and property investors in East Geelong have been waiting around 53.26 days to sell a property.
With the median price for a house in East Geelong being $640000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.01%