Property Investment

Geelong Rental Market Update – June 2022

Jesse Verdichizzi — Mon, 20 Jun 2022 04:06:58 +0000

GEELONG RENTAL MARKET UPDATE

(June 2022)

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

The team at Verdi Property Management have put together a summary of a rental market update to assist our existing and future client base of property investors. We hope that this report provides some value to you.

Here is a brief summary of the property market performance in Geelong. The median house price in Geelong over the last year range from $950,000 for houses to $649,500 for units. If you are looking for an investment property to purchase, consider houses in Geelong lease for $480 per week with an annual rental yield of 2.7% and units lease for $420 per week with a rental yield of 3.7%.

Check out the rental growth for all Geelong suburbs below.

RENTAL MARKET OVERVIEW - bY SUBURB

(Property data from realestate.com.au)

Armstrong Creek

Median House Rental Price - $470 per week

9.3% growth over 12 months

Bell Park

Median house rental price - $400 per week

5.3% Growth Over 12 Months

Bell Post Hill

Median house rental price - $420 per week

5.3% Growth Over 12 Months

Belmont

Median House Rental Price - $440 Per Week

10% Growth Over 12 Months

Charlemont

Median House Rental Price - $450 Per Week

7.1% Growth Over 12 Months

Corio

Median House Rental Price - $350 Per Week

6% Growth Over 12 Months

East Geelong

Median House Rental Price - $470 Per Week

12.6% Growth Over 12 Months

Geelong

Median House Rental Price - $480 Per Week

6.7% Growth Over 12 Months

Geelong West

Median House Rental Price - $475 Per Week

14.5% Growth Over 12 Months

Grovedale

Median House Rental Price - $440 Per Week

4.8% Growth Over 12 Months

Hamlyn Heights

Median House Rental Price - $420 Per Week

7.7% Growth Over 12 Months

Herne Hill

Median House Rental Price - $430 Per Week

13.2% Growth Over 12 Months

Highton

Median House Rental Price - $475 Per Week

5.6% Growth Over 12 Months

Mount Duneed

Median House Rental Price - $500 Per Week

11.1% Growth Over 12 Months

Newcomb

Median House Rental Price - $390 Per Week

8.3% Growth Over 12 Months

Newtown

Median Rent for Houses: $497 per week

5.9% Growth Over 12 Months

Norlane

Median House Rental Price - $330 Per Week

11.9% Growth Over 12 Months

North Geelong

Median House Rental Price - $400 Per Week

11.1% Growth Over 12 Months

Waurn ponds

Median House Rental Price - $500 Per Week

4.2% Growth Over 12 Months

lOOKING TO LEASE YOUR PROPERTY?

The post Geelong Rental Market Update – June 2022 appeared first on Verdi Property Management.

Geelong Rental Market Update – October 2021

Jesse Verdichizzi — Fri, 15 Oct 2021 01:03:58 +0000

GEELONG RENTAL MARKET UPDATE

(OCTOBER 2021)

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

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.

RENTAL MARKET OVERVIEW - bY SUBURB

(Property data from realestate.com.au)

Armstrong Creek

Rental Properties Available: 21 (+1 from September)

Median Rent for houses: $450 per week (+$7 from September)

Bell Park

Rental Properties Available: 13 (-2 From September)

Median Rent for houses: $385 per week

Bell Post Hill

Rental Properties Available: 10 (+2 From September)

Median Rent for houses: $410 per week

Belmont

Rental Properties Available: 36 (-8 From September)

Median Rent for houses: $400 per week

Charlemont

Rental Properties Available: 8 (+2 From September)

Median Rent for houses: $430 per week

Corio

Rental Properties Available: 28 (+2 From September)

Median Rent for Houses: $330 per week

East Geelong

Rental Properties Available: 9 (-1 From September)

Median Rent for houses: $400 per week (+$5 From September)

Geelong

Rental Properties available: 41 (-4 From September)

Median Rent for houses: $450 per week

Geelong West

Rental Properties Available:: 27 (-5 From September)

Median Rent for Houses: $420 per week

Grovedale

Rental Properties Available: 17 (-2 From September)

Median Rent for Houses: $430 per week

Hamlyn Heights

Rental Properties Available: 12

Median Rent for Houses: $400 per week

Herne Hill

Rental Properties Available: 8 (-5 From September)

Median Rent for Houses: $390 per week (+$5 From September)

Highton

Rental Properties Available: 36 (-8 From September)

Median Rent for Houses: $450 per week

Mount Duneed

Rental Properties Available: 5 (-2 From September)

Median Rent for Houses: $470 per week

Newcomb

Rental Properties Available: 14 (-5 From September)

Median Rent for houses: $360 per week

Newtown

Rental Properties Available: 27 (+4 From September)

Median Rent for Houses: $460 per week

Norlane

Rental Properties Available: 24 (+1 From September)

Median Rent for houses: $300 per week

North Geelong

Rental Properties Available: 6 (-2 From September)

Median Rent for Houses: $390 per week

Waurn ponds

Rental Properties Available: 14 (-1 From September)

Median Rent for houses: $480 per week

Our Average leasing period

Days On Market

Geelong Average leasing period

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – October 2021 appeared first on Verdi Property Management.

Geelong Rental Market Update – September 2021

Jesse Verdichizzi — Tue, 28 Sep 2021 03:59:37 +0000

GEELONG RENTAL MARKET UPDATE (SEPTEMBER 2021)

The rental market in Geelong remains very strong and the rental yields remain between 4 – 5% on average. Our average leasing period for the month of September was less than a week, with vacancy rates at less than 1%.

The current rental market in Geelong is ideal for property owners looking to secure quality renters. 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.

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

(Property data from realestate.com.au)

Armstrong Creek

Properties Available for rent: 20 (-5 from August)

Median Rent for houses: $443 per week (+$3 from August)

Bell Park

Properties Available for rent: 15 (-5 From August)

Median Rent for houses: $385 per week (-$5 From August)

Median Rent for units: $355 Per week (+$5 From August)

Bell Post Hill

Properties Available For Rent: 8

Median Rent for houses: $410 per week (+$10 From August)

median Rent for units: $370 per week

Belmont

Properties Available For Rent: 44

Median Rent for houses: $400 per week

median Price for units: $370 per week (+$7 From August)

Charlemont

Properties Available For Rent: 6

Median Rent for houses: $430 per week (+$5 From August)

median rent for units: Not enough Data

Corio

Properties Available For Rent: 26

Median Rent for Houses: $330 per week

median Rent for Units: $285 per week (+$5 From August)

East Geelong

Properties Available For Rent: 10

Median Rent for houses: $395 per week (+$5 From August)

median Rent for Units: $340 per week (+$10 From August)

Geelong

Properties available for rent: 45 (+3 From August)

Median Rent for houses: $450 per week

median Rent for Units: $410 per week

Geelong West

Properties Available For Rent: 32

Median Rent for Houses: $420 per week

median Rent for Units: $395 per week

Grovedale

Properties Available For Rent: 19

Median Rent for Houses: $430 per week (+$10 From August)

median Rent for Units: $350 per week

Hamlyn Heights

Properties Available for rent: 12

Median Rent for Houses: $400 per week (+$10 From august)

median Rent for Units: $380 per week (+$10 From august)

Herne Hill

Properties Available for rent: 13

Median Rent for Houses: $385 per week

median Rent for Units: $265 per week

Highton

Properties available for rent: 44 (-7 from august)

Median Rent for Houses: $450 per week

median Rent for Units: $345 per week

Lara

Properties available for rent: 32 (+16 From august)

Median Rent for Houses: $450 per week

median Rent for Units: $350 per week

Leopold

Properties available for rent: 15

Median Rent for Houses: $430 per week (+$10 From August)

median Price for Units: $365 per week (+$10 From August)

Mount Duneed

Properties available for rent: 7

Median Rent for Houses: $470 per week (+$10 From August)

Newcomb

Properties available for rent: 19 (+11 From august)

Median Rent for houses: $360 per week (+$10 From August)

median Rent for Units: $330 per week (+$10 From August)

Newtown

Properties available for rent: 23 (-13 From august)

Median Rent for Houses: $460 per week

median Rent for units: $360 per week

Norlane

Properties available for rent: 23 (+9 From Previous Month)

Median Rent for houses: $300 per week

median Rent for Units: $310 per week (+$10 From August)

North Geelong

Properties available for rent: 8

Median Rent for Houses: $390 per week (+$10 From August)

median Rent for Units: $300 per week (+$10 From August)

Waurn ponds

Properties available for rent: 15 (+5 From august)

Median Rent for houses: $480 per week

Our Average leasing period

Days On Market

The Average leasing period in Geelong

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – September 2021 appeared first on Verdi Property Management.

Geelong Rental Market Update – August 2021

Jesse Verdichizzi — Tue, 24 Aug 2021 04:00:50 +0000

GEELONG RENTAL MARKET UPDATE (AUGUST 2021)

Property data from realestate.com.au shows that the median rent for houses in Geelong is $450 per week and $405 per week for units. The median property price for houses in Geelong range from $905,000 for houses and $606,750 for units. Property investors in the suburb of Geelong receive a median gross rental yield of 2.6% for houses and 3.5% for units.

Check out the rental growth in all suburbs in Geelong below.

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong Creek

Properties for rent: 25 (-4 from previous month)

Median Rent (House): $440 per week (No Change)

Median Rent (Unit): Not enough data

Bell Park

Properties for rent: 20 (+6 From Previous Month)

Median Rent (House): $390 per week (No Change)

Median Rent (Unit): $350 Per week (No change)

Bell Post Hill

Properties for rent: 7 (-2 From Previous Month)

Median Rent - House : $400 per week (no change)

median Rent - Unit: $370 per week (+ $5 from previous month)

Belmont

Properties for rent: 43 (+7 From Previous Month)

Median Rent - house: $400 per week (no change)

median Price - Unit: $363 per week (+ $13 From Previous Month)

Charlemont

Properties for rent: 8 (+3 From Previous Month)

Median Rent - House: $425 per week (+ $5 From Previous Month)

median Rent - unit: Not enough Data

Corio

Properties for rent: 24 (+8 From Previous Month)

Median Rent - House: $330 per week (+ $5 From Previous Month)

median Rent - Unit: $280 per week (No Change)

East Geelong

Properties for rent: 9 (-4 From Previous Month)

Median Rent - house: $390 per week (+ $5 From Previous Month)

median Rent - Unit: $330 per week (- $10 from previous month)

Geelong

Properties for rent: 42 (No Change)

Median Rent - House: $450 per week (+$5 From Previous Month)

median Rent - Unit: $405 per week (-$1 From Previous Month)

Geelong West

Properties for rent: 35 (-2 From Prev. Month)

Median Rent - House: $420 per week (+ $10 from previous month)

median Rent - Unit: $395 per week (+ $15 From Previous Month)

Grovedale

Properties for rent: 21 (-2 From Prev. Month)

Median Rent - House: $420 per week (No Change)

median Rent - Unit: $350 per week (No Change)

Hamlyn Heights

Properties for rent: 19 (+1 From Previous Month)

Median Rent - House: $390 per week (+ $10 From Previous Month)

median Rent - Unit: $370 per week (No Change)

Herne Hill

Properties for rent: 12 (+4 From Previous Month)

Median Rent - House: $380 per week (No Change)

median Rent - Unit: $260 per week (No Change)

Highton

Properties for rent: 51 (+15 From Previous Month)

Median Rent - House: $450 per week (No Change)

median Rent - Unit: $340 per week (No Change)

Lara

Properties for rent: 16 (-3 From Previous Month)

Median Rent - House: $450 per week (No Change)

median Rent - Unit: $350 per week (No Change)

Leopold

Properties for rent: 18 (+6 From Previous Month)

Median Rent - House: $420 per week (No Change)

median Price - Unit: $360 per week (No Change)

Mount Duneed

Properties for rent: 9 (-8 From Previous Month)

Median Rent - House: $460 per week (No Change)

median Rent - Unit: Not enough data

Newcomb

Properties for rent: 8 (-3 From Prev. Month)

Median Rent - house: $350 per week (No Change)

median Rent - Unit: $320 per week (-$10 From Previous Month)

Newtown

Properties for rent: 36 (+1 From Previous Month)

Median Rent - House: $460 per week (No Change)

median Rent - unit: $360 per week (+$10 From Previous Month)

Norlane

Properties for rent: 14 (-3 From Previous Month)

Median Rent - house: $300 per week (+$5 From Previous Month)

median Rent - Unit: $300 per week (No Change)

North Geelong

Properties for rent: 10 (No Change)

Median Rent - House: $380 per week (+$10 From Previous Month)

median Rent - Unit: $290 per week (No Change)

Waurn ponds

Properties for rent: 10 (-7 From Previous Month)

Median Rent - house: $480 per week (No Change)

median Rent - Unit: Not enough data

Our Average leasing period

Days On Market

The Average leasing period in Geelong

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – August 2021 appeared first on Verdi Property Management.

Geelong Rental Market Update – July 2021

Jesse Verdichizzi — Mon, 26 Jul 2021 02:04:04 +0000

GEELONG RENTAL MARKET UPDATE (JULY 2021)

Our data source from realestate.com.au shows that the median rent for houses in Geelong is $450 per week and $406 per week for units. The median property price for houses in Geelong range from $902,000 for houses and $606,750 for units. Property investors in the suburb of Geelong receive a median gross rental yield of 2.6% for houses and 3.5% for units.

Check out the rental growth in all suburbs in Geelong below.

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong Creek

Properties for rent: 29 (+2 from previous month)

Median Rent (House): $440 per week (+$10 per week from previous month)

Median Rent (Unit): Not enough data

Bell Park

Properties for rent: 14 (-1 From Previous Month)

Median Rent (House): $390 per week (+$22 From Previous Month)

Median Rent (Unit): $350 Per week (No change)

Bell Post Hill

Properties for rent: 9 (-3 From Previous Month)

Median Rent - House : $400 per week (no change)

median Rent - Unit: $365 per week (+$15 from previous month)

Belmont

Properties for rent: 36 (-2 From Previous Month)

Median Rent - house: $400 per week (no change)

median Price - Unit: $350 per week (no change)

Charlemont

Properties for rent: 5 (-5 From Previous Month)

Median Rent - House: $420 per week (+$10 From Previous Month)

median Rent - unit: Not enough Data

Corio

Properties for rent: 16 (No Change)

Median Rent - House: $320 per week (No Change)

median Rent - Unit: $280 per week (-$5 from previous month)

East Geelong

Properties for rent: 13 (-6 From Previous Month)

Median Rent - house: $385 per week (No Change)

median Rent - Unit: $340 per week (+$10 from previous month)

Geelong

Properties for rent: 42 (-1 From Prev. Month)

Median Rent - House: $450 per week (+$5 From Previous Month)

median Rent - Unit: $406 per week (+$6 From Previous Month)

Geelong West

Properties for rent: 37 (-7 From Prev. Month)

Median Rent - House: $410 per week (+$10 from previous month)

median Rent - Unit: $380 per week (No Change)

Grovedale

Properties for rent: 23 (No Change)

Median Rent - House: $420 per week (No Change)

median Rent - Unit: $350 per week (+$2 from previous month)

Hamlyn Heights

Properties for rent: 18 (+1 From Previous Month)

Median Rent - House: $380 per week (No Change)

median Rent - Unit: $370 per week (+$20 From Previous Month)

Herne Hill

Properties for rent: 12 (+4 From Previous Month)

Median Rent - House: $380 per week (No Change)

median Rent - Unit: $260 per week (No Change)

Highton

Properties for rent: 36 (-3 From Previous Month)

Median Rent - House: $450 per week (+$7 From Previous Month)

median Rent - Unit: $340 per week (No Change)

Lara

Properties for rent: 19 (-3 From Previous Month)

Median Rent - House: $450 per week (+$10 From Previous Month)

median Rent - Unit: $350 per week (No Change)

Leopold

Properties for rent: 12 (-4 From Previous Month)

Median Rent - House: $420 per week (+$10 From Previous Month)

median Price - Unit: $360 per week (+$5 From Previous Month)

Manifold Heights

Properties for rent: 6 (-3 From Previous Month)

Median Rent - House: $390 per week (+$7 From Previous Month)

median Price - Unit : $313 per week (-$33 From Previous Month)

Mount Duneed

Properties for rent: 17 (+9 From Previous Month)

Median Rent - House: $460 per week (No Change)

median Rent - Unit: Not enough data

Newcomb

Properties for rent: 8 (-3 From Prev. Month)

Median Rent - house: $350 per week (No Change)

median Rent - Unit: $320 per week (-$10 From Previous Month)

Newtown

Properties for rent: 35 (-4 From Previous Month)

Median Rent - House: $460 per week (+$10 from previous month)

median Rent - unit: $350 per week (No Change)

Norlane

Properties for rent: 17 (-2 From Previous Month)

Median Rent - house: $300 per week (+$5 From Previous Month)

median Rent - Unit: $300 per week (No Change)

North Geelong

Properties for rent: 10 (+1 From Previous Month)

Median Rent - House: $370 per week (+$10 From Previous Month)

median Rent - Unit: $290 per week (+$5 From Previous Month)

South Geelong

Properties for rent: 2 (-4 From Previous Month)

Median Rent - House: $450 per week (no change)

median Rent - Unit: $320 per week (-$20 From Previous Month)

St Albans Park

Properties for rent: 2 (-4 From Previous Month)

Median Rent - House: $388 per week (+$3 From Previous Month)

median Rent - Unit: $300 per week (no change)

Waurn ponds

Properties for rent: 17 (+6 From Previous Month)

Median Rent - house: $480 per week (+$10 From Previous Month)

median Rent - Unit: Not enough data

Whittington

Properties for rent: 6 (+2 From Previous Month)

Median Rent - House: $350 per week (+$5 From Previous Month)

median Rent - Unit: $310 per week (no change)

Our Average leasing period

Days On Market

The Average leasing period in Geelong

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – July 2021 appeared first on Verdi Property Management.

Geelong Rental Market Update – June 2021

Jesse Verdichizzi — Tue, 22 Jun 2021 05:01:36 +0000

GEELONG RENTAL MARKET UPDATE (JUNE 2021)

Our data source from realestate.com.au show that the median rent for houses in Geelong is $450 per week and $400 per week for units. The median property price for houses in Geelong range from $885,000 for houses and $606,000 for units. Property investors in the suburb of Geelong receive a median gross rental yield of 2.6% for houses and 3.4% for units.

Check out the rental growth in all suburbs in Geelong below.

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong Creek

Properties for rent: 27 (+1 from previous month)

Median Rent (House): $430 per week (+$5 per week from prev. month)

Median Rent (Unit): No data

Bell Park

Properties for rent: 15 (+7 From Prev. Month)

Median Rent (House): $368 per week (+$3 From Prev. Month)

Median Rent (Unit): $350 Per week

Bell Post Hill

Properties for rent: 12 (+7 From Prev. Month)

Median Rent - House : $400 per week (+$5 From Prev. Month)

median Rent - Unit: $350 per week

Belmont

Properties for rent: 38 (+6 From Prev. Month)

Median Rent - house: $400 per week (+$10 From Prev. Month)

median Price - Unit: $350 per week

Charlemont

Properties for rent: 10 (+7 From Prev. Month)

Median Rent - House: $420 per week (+$10 From Prev. Month)

median Rent - unit: No Data

Corio

Properties for rent: 16

Median Rent - House: $320 per week

median Rent - Unit: $285 per week

East Geelong

Properties for rent: 19 (+8 From Prev. Month)

Median Rent - house: $385 per week (-$5 From Prev. Month)

median Rent - Unit: $330 per week

Geelong

Properties for rent: 43 (+2 From Prev. Month)

Median Rent - House: $445 per week (+$5 From Prev. Month)

median Rent - Unit: $400 per week

Geelong West

Properties for rent: 44 (+17 From Prev. Month)

Median Rent - House: $400 per week

median Rent - Unit: $380 per week

Grovedale

Properties for rent: 23 (-3 From Prev. Month)

Median Rent - House: $420 per week

median Rent - Unit: $348 per week

Hamlyn Heights

Properties for rent: 17 (+1 From Prev. Month)

Median Rent - House: $380 per week (+$7 From Prev. Month)

median Rent - Unit: $350 per week

Herne Hill

Properties for rent: 8 (-8 From Prev. Month)

Median Rent - House: $380 per week (+$10 From Prev. Month)

median Rent - Unit: $260 per week

Highton

Properties for rent: 39 (+9 From Prev. Month)

Median Rent - House: $443 per week (+$3 From Prev. Month)

median Rent - Unit: $340 per week

Lara

Properties for rent: 22 (+8 From Prev. Month)

Median Rent - House: $440 per week

median Rent - Unit: $350 per week

Leopold

Properties for rent: 16 (+7 From Prev. Month)

Median Rent - House: $410 per week (+$10 From Prev. Month)

median Price - Unit: $355 per week

Manifold Heights

Properties for rent: 9 (+4 From Prev. Month)

Median Rent - House: $383 per week (+$3 From Prev. Month)

median Price - Unit : $350 per week

Mount Duneed

Properties for rent: 8 (-3 From Prev. Month)

Median Rent - House: $460 per week (+$10 From Prev. Month)

median Rent - Unit: No Data

Newcomb

Properties for rent: 11 (-2 From Prev. Month)

Median Rent - house: $350 per week

median Rent - Unit: $330 per week

Newtown

Properties for rent: 39 (+9 From Prev. Month)

Median Rent - House: $450 per week

median Rent - unit: $350 per week

Norlane

Properties for rent: 19 (-3 From Prev. Month)

Median Rent - house: $295 per week (+$5 From Prev. Month)

median Rent - Unit: $300 per week

North Geelong

Properties for rent: 9 (+1 From Prev. Month)

Median Rent - House: $360 per week (+$10 From Prev. Month)

median Rent - Unit: $293 per week

South Geelong

Properties for rent: 6

Median Rent - House: $450 per week (+$20 From Prev. Month)

median Rent - Unit: $340 per week

St Albans Park

Properties for rent: 6 (+4 From Prev. Month)

Median Rent - House: $385 per week (+$5 From Prev. Month)

median Rent - Unit: $300 per week

Waurn ponds

Properties for rent: 11 (-2 From Prev. Month)

Median Rent - house: $470 per week

median Rent - Unit: No Data

Whittington

Properties for rent: 4 (-2 From Prev. Month)

Median Rent - House: $345 per week (+$12 From Prev. Month)

median Rent - Unit: $310 per week

Our Average leasing period

Days On Market

The Average leasing period in Geelong

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – June 2021 appeared first on Verdi Property Management.

Geelong Rental Market Update – May 2021

Jesse Verdichizzi — Mon, 26 Apr 2021 05:33:45 +0000

Geelong Rental market Report (May 2021)

Our data source from realestate.com.au show that the median rent for houses in Geelong is $445 per week and $400 per week for units. The median property price for houses in Geelong range from $893,500 for houses and $680,000 for units. Property investors in the suburb of Geelong receive a median gross rental yield of 2.6% for houses and 3.1% for units.

Check out the rental growth in all suburbs in Geelong below.

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

Rental Market Overview - Geelong Suburbs

Armstrong Creek

Properties for rent: 26

Median Rent: $425 pW

median Price: $571,250

Gross Rental Yield: 3.82 %

Barwon Heads

Properties for rent: 7

Median Rent: $600 pW

median Price: $1,277,500

Gross Rental Yield: 2.44 %

Bell Park

Properties for rent: 8

Median Rent: $365 pW

median Price: $506,375

Gross Rental Yield: 3.75 %

Bell Post Hill

Properties for rent: 5

Median Rent: $395 pW

median Price: $515,700

Gross Rental Yield: 3.98 %

Belmont

Properties for rent: 32

Median Rent: $390 pW

median Price: $620,500

Gross Rental Yield: 3.3 %

Charlemont

Properties for rent: 3

Median Rent: $410 pW

median Price: $530,000

Gross Rental Yield: 4.02 %

Corio

Properties for rent: 16

Median Rent: $320 pW

median Price: $400,000

Gross Rental Yield: 4.2 %

East Geelong

Properties for rent: 11

Median Rent: $390 pW

median Price: $786,000

Gross Rental Yield: 2.6 %

Geelong

Properties for rent: 41

Median Rent: $445 pW

median Price: $893,500

Gross Rental Yield: 2.6 %

Geelong West

Properties for rent: 27

Median Rent: $400 pW

median Price: $782,000

Gross Rental Yield: 2.7 %

Grovedale

Properties for rent: 26

Median Rent: $420 pW

median Price: $557,250

Gross Rental Yield: 3.9 %

Hamlyn Heights

Properties for rent: 16

Median Rent: $373 pW

median Price: $580,000

Gross Rental Yield: 3.3 %

Herne Hill

Properties for rent: 16

Median Rent: $370 pW

median Price: $645,000

Gross Rental Yield: 3.0 %

Highton

Properties for rent: 30

Median Rent: $440 pW

median Price: $774,200

Gross Rental Yield: 3.0 %

Lara

Properties for rent: 14

Median Rent: $440 pW

median Price: $580,000

Gross Rental Yield: 3.9 %

Leopold

Properties for rent: 9

Median Rent: $400 pW

median Price: $535,000

Gross Rental Yield: 3.9 %

Manifold Heights

Properties for rent: 5

Median Rent: $380 pW

median Price: $870,000

Gross Rental Yield: 2.3 %

Mount Duneed

Properties for rent: 11

Median Rent: $450 pW

median Price: $595,000

Gross Rental Yield: 3.93 %

Newcomb

Properties for rent: 13

Median Rent: $350 pW

median Price: $500,000

Gross Rental Yield: 3.6 %

Newtown

Properties for rent: 30

Median Rent: $450 pW

median Price: $945,000

Gross Rental Yield: 2.5 %

Norlane

Properties for rent: 22

Median Rent: $290 pW

median Price: $380,000

Gross Rental Yield: 4.0 %

North Geelong

Properties for rent: 8

Median Rent: $350 pW

median Price: $515,000

Gross Rental Yield: 3.5 %

South Geelong

Properties for rent: 6

Median Rent: $430 pW

median Price: $695,000

Gross Rental Yield: 3.22 %

St Albans Park

Properties for rent: 2

Median Rent: $380 pW

median Price: $489,500

Gross Rental Yield: 4.0 %

Wandana Heights

Properties for rent: 1

Median Rent: $575 pW

median Price: $800,000

Gross Rental Yield: 3.74 %

Waurn ponds

Properties for rent: 13

Median Rent: $450 pW

median Price: $700,000

Gross Rental Yield: 3.34 %

Whittington

Properties for rent: 6

Median Rent: $333 pW

median Price: $410,000

Gross Rental Yield: 4.2 %

Our Average leasing period

Days On Market

The Average leasing period in Geelong

Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

The post Geelong Rental Market Update – May 2021 appeared first on Verdi Property Management.

Property Investment

Geelong Rental Market Update – June 2022

GEELONG RENTAL MARKET UPDATE

(June 2022)

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong CreekMedian House Rental Price - $470 per week9.3% growth over 12 months

Bell ParkMedian house rental price - $400 per week 5.3% Growth Over 12 Months

Bell Post HillMedian house rental price - $420 per week 5.3% Growth Over 12 Months

BelmontMedian House Rental Price - $440 Per Week 10% Growth Over 12 Months

CharlemontMedian House Rental Price - $450 Per Week 7.1% Growth Over 12 Months

CorioMedian House Rental Price - $350 Per Week 6% Growth Over 12 Months

East GeelongMedian House Rental Price - $470 Per Week 12.6% Growth Over 12 Months

GeelongMedian House Rental Price - $480 Per Week 6.7% Growth Over 12 Months

Geelong WestMedian House Rental Price - $475 Per Week 14.5% Growth Over 12 Months

GrovedaleMedian House Rental Price - $440 Per Week 4.8% Growth Over 12 Months

Hamlyn HeightsMedian House Rental Price - $420 Per Week 7.7% Growth Over 12 Months

Herne HillMedian House Rental Price - $430 Per Week 13.2% Growth Over 12 Months

HightonMedian House Rental Price - $475 Per Week 5.6% Growth Over 12 Months

Mount DuneedMedian House Rental Price - $500 Per Week 11.1% Growth Over 12 Months

NewcombMedian House Rental Price - $390 Per Week 8.3% Growth Over 12 Months

NewtownMedian Rent for Houses: $497 per week5.9% Growth Over 12 Months

NorlaneMedian House Rental Price - $330 Per Week 11.9% Growth Over 12 Months

North Geelong Median House Rental Price - $400 Per Week 11.1% Growth Over 12 Months

Waurn pondsMedian House Rental Price - $500 Per Week 4.2% Growth Over 12 Months

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Geelong Rental Market Update – October 2021

GEELONG RENTAL MARKET UPDATE

(OCTOBER 2021)

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong CreekRental Properties Available: 21 (+1 from September)Median Rent for houses: $450 per week (+$7 from September)

Bell ParkRental Properties Available: 13 (-2 From September)Median Rent for houses: $385 per week

Bell Post HillRental Properties Available: 10 (+2 From September)Median Rent for houses: $410 per week

BelmontRental Properties Available: 36 (-8 From September)Median Rent for houses: $400 per week

CharlemontRental Properties Available: 8 (+2 From September)Median Rent for houses: $430 per week

CorioRental Properties Available: 28 (+2 From September)Median Rent for Houses: $330 per week

East GeelongRental Properties Available: 9 (-1 From September)Median Rent for houses: $400 per week (+$5 From September)

GeelongRental Properties available: 41 (-4 From September)Median Rent for houses: $450 per week

Geelong WestRental Properties Available:: 27 (-5 From September)Median Rent for Houses: $420 per week

GrovedaleRental Properties Available: 17 (-2 From September)Median Rent for Houses: $430 per week

Hamlyn HeightsRental Properties Available: 12 Median Rent for Houses: $400 per week

Herne HillRental Properties Available: 8 (-5 From September)Median Rent for Houses: $390 per week (+$5 From September)

HightonRental Properties Available: 36 (-8 From September)Median Rent for Houses: $450 per week

Mount DuneedRental Properties Available: 5 (-2 From September) Median Rent for Houses: $470 per week

NewcombRental Properties Available: 14 (-5 From September)Median Rent for houses: $360 per week

NewtownRental Properties Available: 27 (+4 From September) Median Rent for Houses: $460 per week

NorlaneRental Properties Available: 24 (+1 From September)Median Rent for houses: $300 per week

North Geelong Rental Properties Available: 6 (-2 From September)Median Rent for Houses: $390 per week

Waurn pondsRental Properties Available: 14 (-1 From September)Median Rent for houses: $480 per week

Our Average leasing period

Geelong Average leasing period

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS

Geelong Rental Market Update – September 2021

GEELONG RENTAL MARKET UPDATE (SEPTEMBER 2021)

EXCLUSIVE & DEFINED PROPERTY MANAGEMENT

RENTAL MARKET OVERVIEW - bY SUBURB

Armstrong CreekProperties Available for rent: 20 (-5 from August)Median Rent for houses: $443 per week (+$3 from August)

Bell ParkProperties Available for rent: 15 (-5 From August)Median Rent for houses: $385 per week (-$5 From August)Median Rent for units: $355 Per week (+$5 From August)

Bell Post HillProperties Available For Rent: 8 Median Rent for houses: $410 per week (+$10 From August)median Rent for units: $370 per week

BelmontProperties Available For Rent: 44 Median Rent for houses: $400 per week median Price for units: $370 per week (+$7 From August)

CharlemontProperties Available For Rent: 6 Median Rent for houses: $430 per week (+$5 From August)median rent for units: Not enough Data

CorioProperties Available For Rent: 26 Median Rent for Houses: $330 per week median Rent for Units: $285 per week (+$5 From August)

East GeelongProperties Available For Rent: 10 Median Rent for houses: $395 per week (+$5 From August)median Rent for Units: $340 per week (+$10 From August)

GeelongProperties available for rent: 45 (+3 From August)Median Rent for houses: $450 per week median Rent for Units: $410 per week

Geelong WestProperties Available For Rent: 32 Median Rent for Houses: $420 per week median Rent for Units: $395 per week

GrovedaleProperties Available For Rent: 19Median Rent for Houses: $430 per week (+$10 From August)median Rent for Units: $350 per week

Hamlyn HeightsProperties Available for rent: 12 Median Rent for Houses: $400 per week (+$10 From august)median Rent for Units: $380 per week (+$10 From august)

Herne HillProperties Available for rent: 13Median Rent for Houses: $385 per week median Rent for Units: $265 per week

HightonProperties available for rent: 44 (-7 from august)Median Rent for Houses: $450 per week median Rent for Units: $345 per week

LaraProperties available for rent: 32 (+16 From august)Median Rent for Houses: $450 per weekmedian Rent for Units: $350 per week

LeopoldProperties available for rent: 15 Median Rent for Houses: $430 per week (+$10 From August)median Price for Units: $365 per week (+$10 From August)

Mount DuneedProperties available for rent: 7 Median Rent for Houses: $470 per week (+$10 From August)

NewcombProperties available for rent: 19 (+11 From august)Median Rent for houses: $360 per week (+$10 From August)median Rent for Units: $330 per week (+$10 From August)

NewtownProperties available for rent: 23 (-13 From august)Median Rent for Houses: $460 per weekmedian Rent for units: $360 per week

NorlaneProperties available for rent: 23 (+9 From Previous Month)Median Rent for houses: $300 per weekmedian Rent for Units: $310 per week (+$10 From August)

North Geelong Properties available for rent: 8 Median Rent for Houses: $390 per week (+$10 From August)median Rent for Units: $300 per week (+$10 From August)

Waurn pondsProperties available for rent: 15 (+5 From august)Median Rent for houses: $480 per week

Our Average leasing period

The Average leasing period in Geelong

Armstrong Creek

Median House Rental Price - $470 per week

9.3% growth over 12 months

Bell Park

Median house rental price - $400 per week

5.3% Growth Over 12 Months

Bell Post Hill

Median house rental price - $420 per week

5.3% Growth Over 12 Months

Belmont

Median House Rental Price - $440 Per Week

10% Growth Over 12 Months

Charlemont

Median House Rental Price - $450 Per Week

7.1% Growth Over 12 Months

Corio

Median House Rental Price - $350 Per Week

6% Growth Over 12 Months

East Geelong

Median House Rental Price - $470 Per Week

12.6% Growth Over 12 Months

Geelong

Median House Rental Price - $480 Per Week

6.7% Growth Over 12 Months

Geelong West

Median House Rental Price - $475 Per Week

14.5% Growth Over 12 Months

Grovedale

Median House Rental Price - $440 Per Week

4.8% Growth Over 12 Months

Hamlyn Heights

Median House Rental Price - $420 Per Week

7.7% Growth Over 12 Months

Herne Hill

Median House Rental Price - $430 Per Week

13.2% Growth Over 12 Months

Highton

Median House Rental Price - $475 Per Week

5.6% Growth Over 12 Months

Mount Duneed

Median House Rental Price - $500 Per Week

11.1% Growth Over 12 Months

Newcomb

Median House Rental Price - $390 Per Week

8.3% Growth Over 12 Months

Newtown

Median Rent for Houses: $497 per week

5.9% Growth Over 12 Months

Norlane

Median House Rental Price - $330 Per Week

11.9% Growth Over 12 Months

North Geelong

Median House Rental Price - $400 Per Week

11.1% Growth Over 12 Months

Waurn ponds

Median House Rental Price - $500 Per Week

4.2% Growth Over 12 Months

Armstrong Creek

Rental Properties Available: 21 (+1 from September)

Median Rent for houses: $450 per week (+$7 from September)

Bell Park

Rental Properties Available: 13 (-2 From September)

Median Rent for houses: $385 per week

Bell Post Hill

Rental Properties Available: 10 (+2 From September)

Median Rent for houses: $410 per week

Belmont

Rental Properties Available: 36 (-8 From September)

Median Rent for houses: $400 per week

Charlemont

Rental Properties Available: 8 (+2 From September)

Median Rent for houses: $430 per week

Corio

Rental Properties Available: 28 (+2 From September)

Median Rent for Houses: $330 per week

East Geelong

Rental Properties Available: 9 (-1 From September)

Median Rent for houses: $400 per week (+$5 From September)

Geelong

Rental Properties available: 41 (-4 From September)

Median Rent for houses: $450 per week

Geelong West

Rental Properties Available:: 27 (-5 From September)

Median Rent for Houses: $420 per week

Grovedale

Rental Properties Available: 17 (-2 From September)

Median Rent for Houses: $430 per week

Hamlyn Heights

Rental Properties Available: 12

Median Rent for Houses: $400 per week

Herne Hill

Rental Properties Available: 8 (-5 From September)

Median Rent for Houses: $390 per week (+$5 From September)

Highton

Rental Properties Available: 36 (-8 From September)

Median Rent for Houses: $450 per week

Mount Duneed

Rental Properties Available: 5 (-2 From September)

Median Rent for Houses: $470 per week

Newcomb

Rental Properties Available: 14 (-5 From September)

Median Rent for houses: $360 per week

Newtown

Rental Properties Available: 27 (+4 From September)

Median Rent for Houses: $460 per week

Norlane

Rental Properties Available: 24 (+1 From September)

Median Rent for houses: $300 per week

North Geelong

Rental Properties Available: 6 (-2 From September)

Median Rent for Houses: $390 per week

Waurn ponds

Rental Properties Available: 14 (-1 From September)

Median Rent for houses: $480 per week

Armstrong Creek

Properties Available for rent: 20 (-5 from August)

Median Rent for houses: $443 per week (+$3 from August)

Bell Park

Properties Available for rent: 15 (-5 From August)

Median Rent for houses: $385 per week (-$5 From August)

Median Rent for units: $355 Per week (+$5 From August)

Bell Post Hill

Properties Available For Rent: 8

Median Rent for houses: $410 per week (+$10 From August)

median Rent for units: $370 per week

Belmont

Properties Available For Rent: 44

Median Rent for houses: $400 per week

median Price for units: $370 per week (+$7 From August)

Charlemont

Properties Available For Rent: 6

Median Rent for houses: $430 per week (+$5 From August)

median rent for units: Not enough Data

Corio

Properties Available For Rent: 26

Median Rent for Houses: $330 per week

median Rent for Units: $285 per week (+$5 From August)

East Geelong

Properties Available For Rent: 10

Median Rent for houses: $395 per week (+$5 From August)

median Rent for Units: $340 per week (+$10 From August)

Geelong

Properties available for rent: 45 (+3 From August)

Median Rent for houses: $450 per week

median Rent for Units: $410 per week

Geelong West

Properties Available For Rent: 32

Median Rent for Houses: $420 per week

median Rent for Units: $395 per week

Grovedale

Properties Available For Rent: 19

Median Rent for Houses: $430 per week (+$10 From August)

median Rent for Units: $350 per week

Hamlyn Heights

Properties Available for rent: 12

Median Rent for Houses: $400 per week (+$10 From august)

median Rent for Units: $380 per week (+$10 From august)

Herne Hill

Properties Available for rent: 13

Median Rent for Houses: $385 per week

median Rent for Units: $265 per week

Highton

Properties available for rent: 44 (-7 from august)

Median Rent for Houses: $450 per week

median Rent for Units: $345 per week

Lara

Properties available for rent: 32 (+16 From august)

Median Rent for Houses: $450 per week

median Rent for Units: $350 per week

Leopold

Properties available for rent: 15

Median Rent for Houses: $430 per week (+$10 From August)

median Price for Units: $365 per week (+$10 From August)

Mount Duneed

Properties available for rent: 7

Median Rent for Houses: $470 per week (+$10 From August)

Newcomb

Properties available for rent: 19 (+11 From august)

Median Rent for houses: $360 per week (+$10 From August)

median Rent for Units: $330 per week (+$10 From August)

Newtown

Properties available for rent: 23 (-13 From august)

Median Rent for Houses: $460 per week

median Rent for units: $360 per week

Norlane

Properties available for rent: 23 (+9 From Previous Month)

Median Rent for houses: $300 per week

median Rent for Units: $310 per week (+$10 From August)

North Geelong

Properties available for rent: 8

Median Rent for Houses: $390 per week (+$10 From August)

median Rent for Units: $300 per week (+$10 From August)

Waurn ponds

Properties available for rent: 15 (+5 From august)

Median Rent for houses: $480 per week

Armstrong Creek

Properties for rent: 25 (-4 from previous month)

Median Rent (House): $440 per week (No Change)

Median Rent (Unit): Not enough data

Bell Park

Properties for rent: 20 (+6 From Previous Month)

Median Rent (House): $390 per week (No Change)

Median Rent (Unit): $350 Per week (No change)

Bell Post Hill

Properties for rent: 7 (-2 From Previous Month)

Median Rent - House : $400 per week (no change)

median Rent - Unit: $370 per week (+ $5 from previous month)

Belmont

Properties for rent: 43 (+7 From Previous Month)

Median Rent - house: $400 per week (no change)

median Price - Unit: $363 per week (+ $13 From Previous Month)

Charlemont

Properties for rent: 8 (+3 From Previous Month)

Median Rent - House: $425 per week (+ $5 From Previous Month)

median Rent - unit: Not enough Data

Corio

Properties for rent: 24 (+8 From Previous Month)

Median Rent - House: $330 per week (+ $5 From Previous Month)

median Rent - Unit: $280 per week (No Change)

East Geelong

Properties for rent: 9 (-4 From Previous Month)

Median Rent - house: $390 per week (+ $5 From Previous Month)

median Rent - Unit: $330 per week (- $10 from previous month)

Geelong

Properties for rent: 42 (No Change)

Median Rent - House: $450 per week (+$5 From Previous Month)

median Rent - Unit: $405 per week (-$1 From Previous Month)

Geelong West

Properties for rent: 35 (-2 From Prev. Month)

Median Rent - House: $420 per week (+ $10 from previous month)

median Rent - Unit: $395 per week (+ $15 From Previous Month)

Grovedale

Properties for rent: 21 (-2 From Prev. Month)

Median Rent - House: $420 per week (No Change)

median Rent - Unit: $350 per week (No Change)

Hamlyn Heights

Properties for rent: 19 (+1 From Previous Month)

Median Rent - House: $390 per week (+ $10 From Previous Month)

median Rent - Unit: $370 per week (No Change)

Herne Hill

Properties for rent: 12 (+4 From Previous Month)

Median Rent - House: $380 per week (No Change)

median Rent - Unit: $260 per week (No Change)

Highton

Properties for rent: 51 (+15 From Previous Month)

Median Rent - House: $450 per week (No Change)

median Rent - Unit: $340 per week (No Change)

Lara

Properties for rent: 16 (-3 From Previous Month)

Median Rent - House: $450 per week (No Change)

median Rent - Unit: $350 per week (No Change)

Leopold

Properties for rent: 18 (+6 From Previous Month)

Median Rent - House: $420 per week (No Change)

median Price - Unit: $360 per week (No Change)

Mount Duneed

Properties for rent: 9 (-8 From Previous Month)

Median Rent - House: $460 per week (No Change)

median Rent - Unit: Not enough data

Newcomb

Properties for rent: 8 (-3 From Prev. Month)

Median Rent - house: $350 per week (No Change)

median Rent - Unit: $320 per week (-$10 From Previous Month)

Newtown

Properties for rent: 36 (+1 From Previous Month)

Median Rent - House: $460 per week (No Change)

median Rent - unit: $360 per week (+$10 From Previous Month)

Norlane

Properties for rent: 14 (-3 From Previous Month)

Median Rent - house: $300 per week (+$5 From Previous Month)

median Rent - Unit: $300 per week (No Change)

North Geelong

Properties for rent: 10 (No Change)

Median Rent - House: $380 per week (+$10 From Previous Month)

median Rent - Unit: $290 per week (No Change)

Waurn ponds

Properties for rent: 10 (-7 From Previous Month)

Median Rent - house: $480 per week (No Change)

median Rent - Unit: Not enough data