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The rental market in Geelong remains very strong and the rental yields remain between 4 to 5% on average. The average supply across the Geelong rental market has dropped by 10 to 20% from the previous month, which is allowing for shorter leasing periods. Our average leasing period for the month of October was less than a week, with vacancy rates sitting at less than 1%.
The current rental market in Geelong is ideal for property owners looking to secure quality renters in a short timeframes. If you are in need of new renters for your property, feel free to contact us directly by calling Jesse on 0491 062 596 or emailing our office at admin@verdiproperty.com.au.
Check out the rental growth for all Geelong suburbs below.
(Property data from realestate.com.au)