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

33 Robin Ave, NORLANE

$399,000

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House

VIC 3214


121 Cox Rd, NORLANE

$520,000

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VIC 3214


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