If you compare the increase in value of investment property in Bell Park, 3215 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.88%.
Bell Park,3215 has offered an average of 5.88% return per annum in house price rises to property investors over the last three years.
Bell Park3215 is located in VIC which offers an average discount of -6.00% to property investors. Bell Park itself is showing figures that indicate -4.79% is the average achievable by property buyers investing in the suburb.
At number 974 in a list of fastest selling suburbs, Bell Park is in the TOP 30% of suburbs in Australia with an average of days on market 61.97 for properties listed there.
The VIC suburb of Bell Park, 3215 is in the Greater Geelong local government area.
VIC has seen average median house prices change by 2.98% which means that Bell Park, 3215 has done well for property investors by showing a capital gain of 12.58% over the last year
Over the longer term, Bell Park has seen property prices show investors a 8.55% return over the last 3 years. This is an improvement over the last 12 months
Bell Park, 3215 is offering VIC ‘s 182th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Residents and property investors in Bell Park have been waiting around 104.29 days to sell a property.
Bell Park, 3215’s gross rental yield is 4.62%
Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.Full summary
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Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.
It is within easy reach of a wide range of amenities, with three shopping strips in the suburb, and there are numerous schools in the area. It is also within easy reach of the beach.
Bell Park compares well to neighbouring suburbs: its median price is $5,000 less than neighbouring Bell Post Hill, and $10,000 more affordable than North Geelong. Average weekly incomes are marginally below the Victorian median, with a large proportion of families; residents have a wide range of occupations.
Like other northern Geelong suburbs, capital growth prospects are good due to Melbourne commuters choosing it as an affordable option compared to the state capital.