VIC has seen average median house prices change by 14.59% which means that Geelong, 3220 has done well for property investors by showing a capital gain of 16.07% over the last year
If we look at median property appreciation over just the last three months, Geelong has given property investors a paper return of 0.34%. This puts Suburb as 684 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Geelong 3220 should be seeing an average reduction in asking price of around -5.28% . This means that Geelong is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Over the last year, property investments in Geelong, 3220 have given investors a capital gain of 14.77%. This compares very favourably with the 7.51% for VIC as a whole.
A 37.65% growth in median value for property investors in Geelong,3220 puts this suburb at number 140th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Geelong, 3220. Typically our figures indicate that -4.53% is being offered, which puts this VIC suburb at 390th most discounted overall in Australia.
At number 1073 in a list of fastest selling suburbs, Geelong is in the bottom 30% of suburbs in Australia with an average of days on market 74.8039 for properties listed there.
The VIC suburb of Geelong, 3220 is in the Greater Geelong (C) local government area.
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One of Victoria’s largest and fastest-growing cities, Geelong is located southwest of Melbourne on the banks of the Barwon River and Corio Bay.
Sometimes known as the Gateway City, due to its central location to regional Victoria, Geelong is a rich hub of entertainment, culture, and sport. The town is home to the Geelong Cats, the second oldest AFL club in Australia and has a number of high-end bars and restaurants.
People wanting to check out Geelong can do so by flying into Avalon Airport, located just 15 kilometres northeast of the city.
Located on the traditional lands of the Wadawurrung people, Geelong has many notable historical sites, experiencing a gold rush, industrial revolution, and fervent port activity over its history.