Geelong West is in the TOP 30% in VIC when comparing median price capital growth over the last year. Geelong West gave property investors a good capital gain figure when compared to the rest of the state, with 17.71%.
Geelong West,3218 has offered an average of 17.71% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Geelong West are currently offering property investors an average price cut of -3.59% below the asking price at the moment.
Often selling an investment property can take time, and in Geelong West the average time real estate has been on the market is 54.22 days.
A $362.5 per week rent on the median house gives suburb investors a gross yield of circa 3.05%, without taking into account capital value appreciation, which has been averaging out at 8.52%.
At number 1500th in the list of Australian suburbs ordered by increase in median house value over the last year, Geelong West, 3218 is in the BOTTOM 20% with a property value increase of -7.84% recorded in median house prices.
A 10.60% growth in median value for property investors in Geelong West,3218 puts this suburb at number 233th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -4.50% to buyers in Geelong West at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $280 weekly from the median priced house in this suburb.