Geelong West has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.60% to date .
Across a shorter period, Geelong West, 3218 has seen a median price increase of 8.47% over the last quarter.
Geelong West3218 is located in VIC which offers an average discount of -1.95% to property investors. Geelong West itself is showing figures that indicate 0.00% is the average achievable by property buyers investing in the suburb.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.96%, without taking into account capital value appreciation, which has been averaging out at 3.90%.
Property investors who have had real estate in Geelong West, 3218 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Geelong West,3218 has offered an average of 0.00% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Geelong West, 3218. Typically our figures indicate that 0.00% is being offered, which puts this VIC suburb at 1023th most discounted overall in Australia.
At number 1 in a list of fastest selling suburbs, Geelong West is in the TOP 20% of suburbs in Australia with an average of days on market 0 for properties listed there.
Situated 65.17km from the CBD, Geelong West is one of Greater Geelong (C) localities in the postcode 3218.