317 Moorabool StreetGeelong VIC 3220
Property Details for 317 Moorabool St, Geelong
317 Moorabool St, Geelong is a 4 bedroom, 3 bathroom Unit with 8 parking spaces. The property has a land size of 480m2 and floor size of 184m2.
Last Listing description (September 2018)
Fantastic town centre investment comprising 3 easy let units (2 x 1 br and 1 x 2 br), beautifully refurbished 7 years ago. Offering a high standard of accommodation and excellent location. All are currently leased returning $335, $330 and $345 per week. This annualises out at $52,520 gross assuming nil vacancies. Last full financial year the net return after all expenses was $36,272. This could be further enhanced by the incoming buyer if additional works were done such as separate power, water and gas metres. The landlord currently pays this due to not being able to apportion them and consequently accepts this $4,689 approx expense. So essentially this could readily become a $40,000 net pa investment. With Geelong justifiably being a true property hot spot, this investment will set you up for the future.
Property History for 317 Moorabool St, Geelong, VIC 3220
- 18 Jul 2018Listed for Sale $850,000 - $920,000
- 12 Oct 2017Listed for Sale $1,000,000
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About Geelong 3220
The size of Geelong is approximately 3.3 square kilometres. It has 17 parks covering nearly 8.9% of total area. The population of Geelong in 2016 was 5210 people. By 2021 the population was 5811 showing a population growth of 11.5% in the area during that time. The predominant age group in Geelong is 20-29 years. Households in Geelong are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Geelong work in a professional occupation.In 2021, 53.60% of the homes in Geelong were owner-occupied compared with 54.00% in 2016.
Geelong has 6,468 properties. Over the last 5 years, Houses in Geelong have seen a 19.64% increase in median value, while Units have seen a 8.47% increase. As at 30 November 2025:
- The median value for Houses in Geelong is $868,712 while the median value for Units is $654,991.
- Houses have a median rent of $525 while Units have a median rent of $500.
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