Geelong investment property

Thinking of buying investment property in Geelong. Max limit is 550k, rental yield 4:2, and 3 or 4 bedroom with decent land size
These are the suburbs which I have selected /culled down to

1. Grovedale - can get houses below 550k, good rental demand - dont know which streets I need to stay away from
2. Belmont , 3 Hightown

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1 Answer

mackenzielanegroup

Hello Manoja,

Also look at areas in Armstrong Creek/Mt Duneed.

Estate are popping up close to the SurfCoast and yet close enough to Geelong for shopping. If you're looking to invest, have something close to a lifestyle Hub of City and Coast.

Estates close to those suburbs are still quite affordable but has a lot of potential for growth and ROI.

I'm finding that a lot of investors from Melbourne are affording multiple investment properties from just the 1 offloaded property in Melbourne.

Short Stay Accommodations will be booming soon enough when domestic holidays are the thing in the short to medium term.
The potential too when overseas travels comes back online that it'll be just as attractive investment for the long term.

Best of Luck and if you require any Real Estate assistance, be more than happy to assist.

Regards,

Roberta de la Torre
Director & License Estate Agent
MacKenzie Lane Real Estate