Over the last year, property investments in Geelong West, 3218 have given investors a capital gain of 19.80%. This compares very favourably with the 9.04% for VIC as a whole.
The five-year average increase in median property values for Geelong West,3218 has given property investors a potential capital gain of 45.37% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Geelong West, 3218. Typically our figures indicate that -5.02% is being offered, which puts this VIC suburb at 2438th most discounted overall in Australia.
In the last year 129 properties changed hands in Geelong West, which puts it as the 192th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Geelong West, 3218 is in the Greater Geelong local government area.
Geelong West has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -6.93% to date .
Geelong West,3218 has offered an average of -6.93% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Geelong West itself are offering an average vendor discount of -4.88% to real estate investors.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.02%, without taking into account capital value appreciation, which has been averaging out at 5.42%.