VIC has seen average median house prices change by 4.75% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 9.00% 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 -2.02% is being offered, which puts this VIC suburb at 3924th most discounted overall in Australia.
Often selling an investment property can take time, and in Geelong West the average time real estate has been on the market is 31.5 days.
Advertised rents are around the $380 mark per week – giving a return of 2.79% based on the median price in Suburb
With a capital gain of 9.97% for the last 12 months, Geelong West, 3218 has performed for property investments than its average annual 5.83% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of -1.55%. This puts Suburb as 234 on a list of fastest fasting appreciating suburbs in VIC
Geelong West is 217th on a list of best yielding suburbs for rents in VIC with a 3.77% return