Bell Park, 3215 ranked 126th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bell Park is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Bell Park has given property investors a paper return of 4.82%. This puts Suburb as 81 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Bell Park is $435000, with sellers offering an average of -2.66% off the asking price.
Over the last year, property investments in Bell Park, 3215 have given investors a capital gain of 13.39%. This compares favourably with the 7.50% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Bell Park,3215 has racked up an average of 13.39% over the period. This ranks it number 538th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Bell Park 3215 should be seeing an average reduction in asking price of around -4.83% . This means that Bell Park is holding prices well when compared to other suburbs in VIC.
The VIC suburb of Bell Park, 3215 is in the Greater Geelong local government area.
Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.Full summary
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Bell Park is 5km north of the Geelong CBD, and 60km west of the centre of Melbourne. It is situated within easy reach of the Geelong Ring Road which leads directly onto the Princes Freeway, and is just a few streets away from Norlane and North Geelong rail stations.
It is within easy reach of a wide range of amenities, with three shopping strips in the suburb, and there are numerous schools in the area. It is also within easy reach of the beach.
Bell Park compares well to neighbouring suburbs: its median price is $5,000 less than neighbouring Bell Post Hill, and $10,000 more affordable than North Geelong. Average weekly incomes are marginally below the Victorian median, with a large proportion of families; residents have a wide range of occupations.
Like other northern Geelong suburbs, capital growth prospects are good due to Melbourne commuters choosing it as an affordable option compared to the state capital.