Suburb Profile Report for Geelong West VIC (3218)

Geelong West House: Median price $545,000, Annual capital growth 7.65%, Number of sales 144, Weekly median advertised rent $350

Geelong West Unit: Median price $377,500, Annual capital growth 5.93%, Number of sales 38, Weekly median advertised rent $275

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

At number 810th in the list of Australian suburbs ordered by increase in median house value over the last year, Geelong West, 3218 is in the top 20% with a property value increase of 12.08% recorded in median house prices.

If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of 4.01%. This puts Suburb as 174 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Geelong West should be aiming for at least -7.21% off the asking price, which is the average vendor discount being achieved at the moment.

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 9.42%. This compares favourably with the 2.98% for VIC as a whole.

When looking at the potential capital gains offered to property investors over the last 3 years, Geelong West comes in at number 14th in VIC.

Vendor discounting in Geelong West is giving property investors an average Vendor Discount of around -5.07%. This puts suburb at number 148th in VIC when ranking the most discounted suburbs.

Geelong West, 3218’s gross rental yield is 3.79%

Metrics i HOUSE UNIT
$545,000 $377,500
4.01% 0.67%
12.08% 9.42%
7.65% 5.93%
$350 $275
144 38
3.34% 3.79%
69.68 102.41

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 6682
Median household income ($/weekly) 1129
Median age of persons 35
Median housing loan repayment ($/monthly) 1664
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 713 10.7
    25-34 years 1177 17.6
    35-44 years 1145 17.1
    45-54 years 797 11.9
    55-64 years 663 9.9
    Others 2188 32.7
    Age Group
    Census Count Percent(%)
    Not Married 2480 49.4
    Registered Married 1920 38.2
    Defacto Relationship 620 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 5264 82.6
    Croatia 75 1.2
    Japan 153 2.4
    United Kingdom 235 3.7
    Other 173 2.7
    Others 470 7.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 81 1.3
    Christianity 3991 65.3
    Hinduism 35 0.6
    Islam 80 1.3
    No Religion 1887 30.9
    Others 36 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 246 9.4
    $400-$599 292 11.1
    $1,000-$1,249 245 9.3
    $1,500-$1,999 316 12.0
    $2,000-$2,499 249 9.5
    Others 1275 48.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2159 41.5
    Not in the labour force 1534 29.5
    Employed, worked part-time 1134 21.8
    Unemployed, looking for work 193 3.7
    Employed, away from work 178 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 390 11.2
    Professionals 976 28.1
    Technicians & trades workers 498 14.4
    Community & personal service workers 367 10.6
    Clerical & administrative workers 427 12.3
    Others 810 23.4
    Occupation
    Census Count Percent(%)
    Pre-school 128 7.7
    Infants/Primary 470 28.1
    Secondary 329 19.7
    Technical or Further Educational Institution 211 12.6
    University or other Tertiary Institutions 464 27.8
    Others 70 4.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5188 82.2
    Flat, unit or apartment 614 9.7
    Semi-detached, row or terrace house, townhouse 497 7.9
    House or flat attached to a shop, office 11 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1099 39.2
    Being purchased 935 33.4
    Fully owned 752 26.8
    Other tenure type 15 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals