Investment property in Geelong West has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.24%
Geelong West,3218 has offered an average of -5.24% return per annum in house price rises to property investors over the last three years.
Geelong West3218 is located in VIC which offers an average discount of -6.90% to property investors. Geelong West itself is showing figures that indicate -6.18% is the average achievable by property buyers investing in the suburb.
At number 868 in a list of fastest selling suburbs, Geelong West is in the TOP 30% of suburbs in Australia with an average of days on market 61.427 for properties listed there.
Situated 65.25km from the CBD, Geelong West is one of Greater Geelong (C) localities in the postcode 3218.
VIC has seen average median house prices change by 0.68% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of -14.29% over the last year
Over the longer term, Geelong West has seen property prices show investors a -4.00% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Geelong West are currently offering property investors an average price cut of -8.28% below the asking price at the moment.
Often selling an investment property can take time, and in Geelong West the average time real estate has been on the market is 93 days.
With the median price for a house in Geelong West being $360000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.91%