Property value increases in Bell Park have tracked just lower than the VIC average of 8.06% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bell Park has increased when compared to the 5 year average annual rate.
Vendor discounting in Bell Park is giving property investors an average Vendor Discount of around -4.97%. This puts suburb at number 384th in VIC when ranking the most discounted suburbs.
Residents and property investors in Bell Park have been waiting around 65.26 days to sell a property.
Bell Park, 3215’s gross rental yield is 4.33%
Giving property investors a a stable capital gain of 9.66% for the last year, Bell Park, 3215 is the 387th highest performer in Australia in this respect.
Bell Park,3215 was ranked 477 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Bell Park is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 185th in terms of most discounted suburbs in VIC
At number 985 in a list of fastest selling suburbs, Bell Park is in the bottom 40% of suburbs in Australia with an average of days on market 91 for properties listed there.
The VIC suburb of Bell Park, 3215 is in the Greater Geelong local government area.
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.