Median house value rising faster than unit values in Geelong region: CoreLogic

Median house value rising faster than unit values in Geelong region: CoreLogic
Median house value rising faster than unit values in Geelong region: CoreLogic

Based on data to June 2016, the median house value across Geelong was $452,657, which is 5.6 percent higher over the year, rising faster than unit values, which were up 3.4 percent over the 12 month period, to $332,864, according to CoreLogic's regional market report.

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Median house value rising faster than unit values in Geelong region: CoreLogic

Longer term, detached housing has outperformed the smaller unit market across the region, with the median house value now 21.4 per cent higher than it was five years ago, compared to a more moderate 9.8 per cent rise over the past five years for units.

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Median house value rising faster than unit values in Geelong region: CoreLogic

Both house and unit rental markets have recorded a similar performance over the 12 months ending June 2016, with rents rising 3.0 per cent and 3.6 per cent respectively, while units (4.9 per cent) are expected to offer greater returns to investors than detached houses (4.5 per cent) across the region.

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Median house value rising faster than unit values in Geelong region: CoreLogic

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Median house value rising faster than unit values in Geelong region: CoreLogic

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Geelong Property market

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