VIC has seen average median house prices change by 10.47% which means that Geelong West, 3218 has done well for property investors by showing a capital gain of 12.89% over the last year
Across a shorter period, Geelong West, 3218 has seen a median price increase of 3.08% over the last quarter.
Geelong West, 3218 is offering VIC ‘s 508th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Residents and property investors in Geelong West have been waiting around 38.84 days to sell a property.
The VIC suburb of Geelong West, 3218 is in the Greater Geelong local government area.
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 11.75%
If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of 3.17%. This puts Suburb as 122 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -4.13% to buyers in Geelong West at the moment, which is less than average for the rest of VIC.