Geelong West is in the TOP 30% in VIC when comparing median price capital growth over the last year. Geelong West gave property investors a good capital gain figure when compared to the rest of the state, with 16.33%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Geelong West has increased when compared to the 5 year average annual rate.
The most recent median price for Geelong West is $698000, with sellers offering an average of -4.30% off the asking price.
Residents and property investors in Geelong West have been waiting around 37.74 days to sell a property.
Situated 64.43km from the CBD, Geelong West is one of Greater Geelong localities in the postcode 3218.
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 20.63%.
The most recent median price for Geelong West is $380000, with sellers offering an average of -3.92% off the asking price.
Residents and property investors in Geelong West have been waiting around 68.34 days to sell a property.
Property investors should expect to get $290 weekly from the median priced house in this suburb.