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%