Investment property in Geelong West has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.95%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Geelong West has increased when compared to the 5 year average annual rate.
Geelong West3218 is located in VIC which offers an average discount of -5.99% to property investors. Geelong West itself is showing figures that indicate -6.33% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
Over the last year, property investments in Geelong West, 3218 have given investors a capital gain of 13.00%. This compares very favourably with the 3.56% for VIC as a whole.
A 39.09% growth in median value for property investors in Geelong West,3218 puts this suburb at number 132th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Geelong West is offering property investors an average of -5.33. This rate of discount on properties puts Suburb at number 85th in terms of most discounted suburbs in VIC