Property investors who have had real estate in Geelong West, 3218 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.71%
Over the longer term, Geelong West has seen property prices show investors a 16.67% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.41% offered to property buyers. Sellers in Geelong West itself are offering an average vendor discount of -8.13% to real estate investors.
With the median price for a house in Geelong West being $700000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 2.82%
While Geelong West,3218 ranked number 201th in VIC for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
Renters in Suburb are facing rents around $17680 per annum or $340 every week.