Bell Park, 3215 ranked 281th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bell Park is one of 2098 in our list for VIC
Taking the average capital gain, or increase in median house value, Bell Park,3215 has racked up an average of 9.98% over the period. This ranks it number 1961th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Bell Park is giving property investors an average Vendor Discount of around -4.94%. This puts suburb at number 399th in VIC when ranking the most discounted suburbs.
Bell Park is 218th on a list of best yielding suburbs for rents in VIC with a 4.29% return
Bell Park is an average performer in VIC when comparing median price capital growth over the last year. Bell Park gave property investors a good capital gain figure when compared to the rest of the state, with 6.66%.
Across a shorter period, Bell Park, 3215 has seen a median price increase of 3.82% over the last quarter.
Our latest figures would indicate that property sellers in Bell Park are currently offering property investors an average price cut of -4.67% below the asking price at the moment.
Often selling an investment property can take time, and in Bell Park the average time real estate has been on the market is 77.69 days.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 3.90%, investors should hope to achieve an overall return of 4.74%
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.