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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 $560,000 and this has changed 3.70% over the past year and changed 7.69% over 2 years.

The median rent in for houses is $400 per week and the median rental yield is 3.71%. Stock on the market for houses/townhouses has changed -45.14% compared to last year and the average time to sell a house/townhouse is NA days.The median listing price for units is $425,000 and this has changed 12.13% 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 4.03%.

Supply & Demand in Greater Geelong

NA

Current vacancy rate


NA

Rental stock available


NA

Population


NA

Rental population


0.79%

Current vacancy rate


1,013

Rental stock available


233,426

Population


23.30%

Rental population


1.61%

Current vacancy rate


46,325

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 $560,000 $589,000 $425,000
Median price change - last quarter 0.81% 0.85% 0.23%
Median price change - 1 year 3.70% 7.28% 12.13%
Median price change -2 years 7.69% 11.34% 16.43%
  House Townhouses Units
Median weekly rent $400 $420 $330
Median yield % 3.71% 3.70% 4.03%
Median rent change - 1 year 1.26% 5.00% 3.12%
  House Units
Previous month sales 372 40
Stock on market previous month 2,167 169
Stock variance vs. last year -45.14% -43.85%
Average days on market NA NA

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