Property value increases in Geelong West have tracked just lower than the VIC average of -0.82% over the last 12 months.
Taking the average capital gain, or increase in median house value, Geelong West,3218 has racked up an average of -7.86% over the period. This ranks it number 657th in the whole country for real estate investors looking at median house price increases.
Geelong West3218 is located in VIC which offers an average discount of -6.94% to property investors. Geelong West itself is showing figures that indicate -6.09% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Geelong West being $645000 and the advertised rent reaching $410 the gross rental yield for property investors calculates out to be 3.31%
VIC has seen average median house prices change by 2.76% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 7.19% over the last year
Comparing Geelong West,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -7.91% is being offered, which puts this VIC suburb at 247th most discounted overall in Australia.
At number 211 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 59.2143 for properties listed there.
Advertised rents are around the $350 mark per week – giving a return of 4.11% based on the median price in Suburb