If you compare the increase in value of investment property in Geelong West, 3218 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.50%.
A 64.82% growth in median value for property investors in Geelong West,3218 puts this suburb at number 71th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Geelong West should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.
Property value increases in Geelong West have tracked close to the VIC average of 7.50% over the last 12 months.
If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of -1.05%. This puts Suburb as 260 on a list of fastest fasting appreciating suburbs in VIC
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 -3.63% is being offered, which puts this VIC suburb at 1198th most discounted overall in Australia.
Geelong West is 150th on a list of best yielding suburbs for rents in VIC with a 4.08% return