Geelong West, 3218 ranked 439th in VIC when comparing growth in median property values or capital gain over the last 12 months. Geelong West is one of 2099 in our list for VIC
Comparing Geelong West,3218 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Geelong West are currently offering property investors an average price cut of -6.58% below the asking price at the moment.
Often selling an investment property can take time, and in Geelong West the average time real estate has been on the market is 55 days.
With the median price for a house in Geelong West being $690000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 2.96%
If you compare the increase in value of investment property in Geelong West, 3218 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.01%.
If we look at median property appreciation over just the last three months, Geelong West has given property investors a paper return of -13.00%. This puts Suburb as 360 on a list of fastest fasting appreciating suburbs in VIC
Renters in Suburb are facing rents around $19240 per annum or $370 every week.