Geelong West has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 19.05% to date .
The five-year average increase in median property values for Geelong West,3218 has given property investors a potential capital gain of 47.06% across each of those five years.
At number 353th of VIC’s most discounted properties, Geelong West is in the middle of the state/territory when listing in order of most discounted to least.
With the median price for a house in Geelong West being $600000 and the advertised rent reaching $365 the gross rental yield for property investors calculates out to be 3.16%
Property investors who have had real estate in Geelong West, 3218 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.73%
Taking the average capital gain, or increase in median house value, Geelong West,3218 has racked up an average of -8.73% over the period. This ranks it number 568th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Geelong West is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 142th in terms of most discounted suburbs in VIC
In the last year 42 properties changed hands in Geelong West, which puts it as the 207th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.