At number 2659th in the list of Australian suburbs ordered by increase in median house value over the last year, Bell Park, 3215 is in the BOTTOM 40% with a property value increase of 3.22% recorded in median house prices.
Across a shorter period, Bell Park, 3215 has seen a median price increase of 1.82% over the last quarter.
Bell Park, 3215 is offering VIC ‘s 378th 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.
On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.
Property investors who have had real estate in Bell Park, 3215 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.64%
While Bell Park,3215 ranked number 189th in VIC for increase in median house value (annualised) increase, it is ranked 175th over the last 5 years.
Bell Park3215 is located in VIC which offers an average discount of -4.73% to property investors. Bell Park itself is showing figures that indicate -4.10% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $320 weekly from the median priced house in this suburb.
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.