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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 -2.18% over 2 years.

The median rent in Norlane for houses is $385 per week and the median rental yield is 4.45%. Stock on the market for houses/townhouses has changed 35.38% compared to last year and the average time to sell a house/townhouse is 99 days.The median listing price for units is $427,500 and this has changed -2.62% over the past year. The average unit takes 82 days to sell and the median rent for a unit in Norlane is $380 per week, producing a rental yield of 4.62%.

Supply & Demand in Norlane, Greater Geelong

1.19%

Current vacancy rate


58

Rental stock available


8,310

Population


42.11%

Rental population


0.89%

Current vacancy rate


1,311

Rental stock available


233,426

Population


23.30%

Rental population


0.94%

Current vacancy rate


29,256

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 $449,000 $427,500
Median price change - last quarter 0.00% 5.64% 4.52%
Median price change - 1 year 0.00% NA -2.62%
Median price change - 2 years -2.18% NA -0.59%
  House Townhouses Units
Median weekly rent $385 $440 $380
Median yield % 4.45% 5.09% 4.62%
Median rent change - 1 year 6.94% 11.39% 8.57%
  House Units
Previous month sales 24 0
Stock on market previous month 88 4
Stock variance vs. last year 35.38% -55.56%
Average days on market 99 82

Norlane investment property listings

Showing 2 of 2 investment properties found in Norlane on realestateinvestar.com.au

56 Rose Ave, NORLANE

$500,000

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House

VIC 3214


6 Orchid St, NORLANE

$500,000

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House

VIC 3214


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