Further to our post on Warrnambool yesterday, today we will be looking at the suburb of Corio, Victoria.
Located in the city of Geelong, Corio has traditionally been a working class suburb which has the potential for gentrification in the future. While it's been considered as being as a lower socio-economic area in the past, it provides a very affordable entry point for investing in Geelong, being so close to Victoria's coast and water. As a diverse and large suburb, it would be worth exploring different areas within Corio and attend different open homes as part of the research process. With solid facilities in the area, and decent upside potential, Corio is worth looking at as a solid investment option in Victoria.
Summarised below are some key figures and data for Corio, along with reports visualising the trends.
Median Price / Capital Growth - $495,000, has seen 7.90% annual compound growth in the last 10 years
Rental Yield - 4.4%
Population - 15,482
Vacancy Rate - 1.05%
Vendor Discount Rate - -1.81%
Days on Market - 101 days
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