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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 -2.18% over the past year and changed -0.23% over 2 years.

The median rent in Norlane for houses is $360 per week and the median rental yield is 4.16%. Stock on the market for houses/townhouses has changed 10.17% compared to last year and the average time to sell a house/townhouse is 96 days.The median listing price for units is $439,000 and this has changed 2.09% over the past year. The average unit takes 68 days to sell and the median rent for a unit in Norlane is $350 per week, producing a rental yield of 4.14%.

Supply & Demand in Norlane, Greater Geelong

1.17%

Current vacancy rate


57

Rental stock available


8,310

Population


42.11%

Rental population


0.97%

Current vacancy rate


1,392

Rental stock available


233,426

Population


23.30%

Rental population


0.87%

Current vacancy rate


26,641

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 NA $439,000
Median price change - last quarter -0.23% NA 5.14%
Median price change - 1 year -2.18% NA 2.09%
Median price change - 2 years -0.23% NA 18.64%
  House Townhouses Units
Median weekly rent $360 $395 $350
Median yield % 4.16% NA 4.14%
Median rent change - 1 year 2.85% 11.26% 6.06%
  House Units
Previous month sales 1 0
Stock on market previous month 65 9
Stock variance vs. last year 10.17% -10.00%
Average days on market 96 68

Norlane investment property listings

Showing 5 of 70 investment properties found in Norlane on realestateinvestar.com.au

66 Forster St, Norlane

$420,000

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Endless Opportunities Await: Spacious Property on 702m2!

Occupying 702m2 of prime real estate, this property offers a world of possibilities for potential buyers. Whether you're looking to move in immediately, explore development opportunities (STCA) or seek an investment property to add to the portfolio, look no further. The spacious living room ...

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House

VIC 3214


35 Pettitt Cres, Norlane

$440,000

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Endless Opportunities Await: Spacious Property on 650m2!

Situated on approximately 650m2 of prime real estate, this property offers a world of possibilities for potential buyers. Whether you're looking to move in immediately or explore development opportunities (STCA) or seek an investment property that's ready to lease. Nestled in a quiet street, this ...

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House

VIC 3214


15 Hinton Cl, Norlane

$495,000

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Family Home Offers Value and Potential

Entering the market for the first time in over 20 years, this much-loved family home represents an outstanding opportunity to break into the increasingly popular northern market for families, first home buyers or investors. Set on a generous 592m2 (approx.) allotment, within walking distance of ...

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House

VIC 3214


8 Lumeah St, Norlane

$395,000

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Superb Development Potential Close to Coveted Amenities

Situated in one of Norlane's handiest locations this 2BR home represents great value and enormous potential for a wide variety of buyers. Whether you're looking to break into the property market for the first time or a prospective development site (STCA), this property could be just what you're ...

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House

VIC 3214


122 Princes Hwy, Norlane

$450,000

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An unbeatable development opportunity.

Prime location, right on the Princes Highway, this generous 716m2 (approx.) allotment won't last long. Presenting an opportunity to secure a neat home with potential for future development (STCA). The original home welcomes you into a generous sized living room which effortlessly flows through to ...

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VIC 3214


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