Bell Park, 3215 ranked 385th 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
While Bell Park,3215 ranked number 459th in VIC for increase in median house value (annualised) increase, it is ranked 385th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bell Park is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC
With a capital gain of 4.20% for the last 12 months, Bell Park, 3215 has performed for property investments than its average annual 3.51% property growth over the last 5 years.
Bell Park,3215 has offered an average of 4.20% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Bell Park is giving property investors an average Vendor Discount of around -3.21%. This puts suburb at number 275th in VIC when ranking the most discounted suburbs.
Residents and property investors in Bell Park have been waiting around 44.7 days to sell a property.
Situated 64.12km from the CBD, Bell Park is one of Greater Geelong localities in the postcode 3215.
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
Information supplied by:
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.