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Investment Property Greater Geelong, vic

Region Snapshot

Greater Geelong is a region in Victoria, Australia. Greater Geelong has a population of 233,426 people and 23.30% of its occupants live in rental accommodation. The median listing price for houses is $555,500 and this has changed 3.63% over the past year and changed 8.70% over 2 years.

The median rent in for houses is $400 per week and the median rental yield is 3.74%. Stock on the market for houses/townhouses has changed -23.90% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $419,000 and this has changed 13.24% over the past year. The average unit takes NA days to sell and the median rent for a unit in Greater Geelong is $330 per week, producing a rental yield of 4.09%.

Supply & Demand in Greater Geelong

NA

Current vacancy rate


NA

Rental stock available


NA

Population


NA

Rental population


0.77%

Current vacancy rate


979

Rental stock available


233,426

Population


23.30%

Rental population


1.83%

Current vacancy rate


52,436

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Greater Geelong

  House Townhouses Units
Median listing price $555,500 $589,000 $419,000
Median price change - last quarter 0.72% 2.63% 7.43%
Median price change - 1 year 3.63% 8.07% 13.24%
Median price change -2 years 8.70% 11.34% 16.55%
  House Townhouses Units
Median weekly rent $400 $410 $330
Median yield % 3.74% 3.61% 4.09%
Median rent change - 1 year 1.26% 2.50% 6.45%
  House Units
Previous month sales 231 23
Stock on market previous month 2,414 169
Stock variance vs. last year -23.90% -37.41%
Average days on market NA NA

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