Norlane is a suburb in Geelong which has traditionally been a relatively disadvantaged suburb however has shown signs of gentrification in recent times. With that being said, Norlane is well located near the coastline of Victoria, and with community improvements in play, there may well be a good long-term outlook for those willing to invest and hold over a long period.
Norlane could be a decent choice for first-time investors on a smaller budget to get into the market.
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Median Price - $452,000 (7.46% annual compound growth over 10-year period)
Population - 8,685
Rental Yield - 4.32%
Vacancy Rate - 1.05%
Vendor Discount Rate - -4.18%
