• Suite 1, 200 Malop Street, Geelong Vic 3220

Compare Listings

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?