With a capital gain of 9.90% for the last 12 months, Geelong West, 3218 has performed for property investments than its average annual 7.20% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of 0.48%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Geelong West 3218 should be seeing an average reduction in asking price of around -7.11% . This means that Geelong West is holding prices well when compared to other suburbs in VIC.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.45%, without taking into account capital value appreciation, which has been averaging out at 7.20%.
VIC has seen average median house prices change by 3.19% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 16.13% over the last year
Geelong West,3218 was ranked 807 in Australia by increase in median property value over the quarter.
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 -5.81% is being offered, which puts this VIC suburb at 535th most discounted overall in Australia.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.