The Real Estate Institute of Victoria (REIV) has released its latest Property Update for the second quarter of 2012. It shows some mixed results for the Geelong region.
Sales median data shows a surprising 15.9% annual increase for Belmont followed by Grovedale at 5.90%. Faring not so well at the other end were Ocean Grove with an annual reduction of 10.6% and Barwon Heads with a reduction of 8.2%.
The Rental Vacancy Rate for the month of June has increased to 5.8% compared to only 2.4% for the same month last year. Quarterly House Median data shows an increase in the … more »