VIC has seen average median house prices change by 7.80% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 9.38% over the last year
Geelong West,3218 was ranked 1753 in Australia by increase in median property value over the quarter.
Geelong West, 3218 is offering VIC ‘s 165th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
With the median price for a house in Geelong West being $525000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.47%
Over the last year, property investments in Geelong West, 3218 have given investors a capital gain of 17.39%. This compares very favourably with the 3.63% for VIC as a whole.
Over the longer term, Geelong West has seen property prices show investors a 51.20% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Geelong West is giving property investors an average Vendor Discount of around -6.55%. This puts suburb at number 64th in VIC when ranking the most discounted suburbs.