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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.
(Property data from realestate.com.au)