With a capital gain of 8.50% for the last 12 months, Bell Park, 3215 has performed for property investments than its average annual 5.98% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Bell Park comes in at number 101th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.34% offered to property buyers. Sellers in Bell Park itself are offering an average vendor discount of -4.76% to real estate investors.
Renters in Suburb are facing rents around $19240 per annum or $370 every week.
If you compare the increase in value of investment property in Bell Park, 3215 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.50%.
Over the longer term, Bell Park has seen property prices show investors a 20.56% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Bell Park itself are offering an average vendor discount of -4.89% to real estate investors.
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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.