• Suite 1, 200 Malop Street, Geelong Vic 3220

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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

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Days On Market

Geelong Average leasing period

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Days On Market

FIND OUT ABOUT OUR EFFECTIVE LEASING PROCESS