Property value increases in Geelong West have tracked just higher than the VIC average of 15.07% over the last 12 months.
Taking the average capital gain, or increase in median house value, Geelong West,3218 has racked up an average of 16.25% over the period. This ranks it number 2247th in the whole country for real estate investors looking at median house price increases.
Geelong West3218 is located in VIC which offers an average discount of -2.15% to property investors. Geelong West itself is showing figures that indicate -7.48% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $430 weekly from the median priced house in this suburb.
Over the last year, property investments in Geelong West, 3218 have given investors a capital gain of 37.26%. This compares very favourably with the 8.64% for VIC as a whole.
The five-year average increase in median property values for Geelong West,3218 has given property investors a potential capital gain of 67.73% across each of those five years.
At number 214th of VIC’s most discounted properties, Geelong West is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 9.41%, investors should hope to achieve an overall return of 2.98%