At number 988th in the list of Australian suburbs ordered by increase in median house value over the last year, Geelong West, 3218 is in the top 30% with a property value increase of 11.70% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Geelong West comes in at number 309th in VIC.
Property investors looking for a bargain in Geelong West should be aiming for at least -5.39% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 10.67 sales per month, which equates to 128 per year.
Situated 65.35km from the CBD, Geelong West is one of Greater Geelong localities in the postcode 3218.
If you compare the increase in value of investment property in Geelong West, 3218 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 13.46%.
Our latest figures would indicate that property sellers in Geelong West are currently offering property investors an average price cut of -5.93% below the asking price at the moment.
Geelong West, 3218’s gross rental yield is 3.74%