VIC has seen average median house prices change by 8.06% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 10.46% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Geelong West comes in at number 370th in VIC.
Our latest figures would indicate that property sellers in Geelong West are currently offering property investors an average price cut of -7.13% below the asking price at the moment.
Geelong West, 3218’s gross rental yield is 3.38%
Property investors who have had real estate in Geelong West, 3218 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.25%
Across a shorter period, Geelong West, 3218 has seen a median price increase of 0.40% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Geelong West is offering property investors an average of -5.12. This rate of discount on properties puts Suburb at number 157th in terms of most discounted suburbs in VIC
Residents and property investors in Geelong West have been waiting around 103.75 days to sell a property.
Situated 61.77km from the CBD, Geelong West is one of Greater Geelong localities in the postcode 3218.