Geelong West, 3218 ranked 262th 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
Across a shorter period, Geelong West, 3218 has seen a median price increase of 3.08% over the last quarter.
Property investors looking for a bargain in Geelong West should be aiming for at least -6.14% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1018 in a list of fastest selling suburbs, Geelong West is in the TOP 30% of suburbs in Australia with an average of days on market 42.619 for properties listed there.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
Investment property in Geelong West has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.80%
A 67.07% growth in median value for property investors in Geelong West,3218 puts this suburb at number 52th in terms of best performing suburbs in VIC
Residents and property investors in Geelong West have been waiting around 45.7619 days to sell a property.
With the median price for a house in Geelong West being $629000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 2.98%