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Investment Property Norlane, VIC, 3214

Suburb Snapshot

Norlane is a suburb in the Greater Geelong Region of Victoria. Norlane has a population of 8,310 people and 42.11% of its occupants live in rental accommodation. The median listing price for houses is $449,000 and this has changed 0.00% over the past year and changed -0.23% over 2 years.

The median rent in Norlane for houses is $390 per week and the median rental yield is 4.51%. Stock on the market for houses/townhouses has changed 18.75% compared to last year and the average time to sell a house/townhouse is 108 days.The median listing price for units is $430,000 and this has changed -2.17% over the past year. The average unit takes 72 days to sell and the median rent for a unit in Norlane is $385 per week, producing a rental yield of 4.65%.

Supply & Demand in Norlane, Greater Geelong

1.17%

Current vacancy rate


57

Rental stock available


8,310

Population


42.11%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Norlane, Greater Geelong

  House Townhouses Units
Median listing price $449,000 $449,500 $430,000
Median price change - last quarter 0.00% 5.64% 4.52%
Median price change - 1 year 0.00% NA -2.17%
Median price change - 2 years -0.23% NA 2.38%
  House Townhouses Units
Median weekly rent $390 $440 $385
Median yield % 4.51% 5.09% 4.65%
Median rent change - 1 year 8.33% 10.00% 10.00%
  House Units
Previous month sales 15 3
Stock on market previous month 76 7
Stock variance vs. last year 18.75% -22.22%
Average days on market 108 72

Norlane investment property listings

Showing 1 of 1 investment properties found in Norlane on realestateinvestar.com.au

1B Lowan Ave, Norlane

$379,000

property pic

Entry Level Opportunity

Whether you are looking for your first home, an affordable downsizing option or perhaps an easy investment this would be ideal for all. Very neat and tidy and ready to move in right away it also has the 3rd bedroom to the rear that would be perfect for the additional living room or home office if ...

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VIC 3214


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