With a capital gain of 2.04% for the last 12 months, Geelong West, 3218 has performed for property investments than its average annual 6.84% property growth over the last 5 years.
Geelong West,3218 has offered an average of 2.04% return per annum in house price rises to property investors over the last three years.
The most recent median price for Geelong West is $675500, with sellers offering an average of -6.12% off the asking price.
A $410 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 6.84%.
Geelong West is in the TOP 10% in VIC when comparing median price capital growth over the last year. Geelong West gave property investors a very good capital gain figure when compared to the rest of the state, with 28.11%.
Taking the average capital gain, or increase in median house value, Geelong West,3218 has racked up an average of 28.11% over the period. This ranks it number 115th in the whole country for real estate investors looking at median house price increases.
At number 64 in a list of fastest selling suburbs, Geelong West is in the TOP 10% of suburbs in Australia with an average of days on market 41.0526 for properties listed there.
Advertised rents are around the $375 mark per week – giving a return of 4.33% based on the median price in Suburb