At number 1436th in the list of Australian suburbs ordered by increase in median house value over the last year, Geelong West, 3218 is in the top 40% with a property value increase of 2.85% recorded in median house prices.
A 51.55% growth in median value for property investors in Geelong West,3218 puts this suburb at number 308th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -5.74% to buyers in Geelong West at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $395 mark per week – giving a return of 3.00% based on the median price in Suburb
Geelong West is in the bottom 10% in VIC when comparing median price capital growth over the last year. Geelong West gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.83%.
When looking at the potential capital gains offered to property investors over the last 3 years, Geelong West comes in at number 318th in VIC.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Advertised rents are around the $320 mark per week – giving a return of 5.02% based on the median price in Suburb