Bell Park

POSTAL CODE: VIC, 3215

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BELL PARK, 3215 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BELL PARK, 3215 obtained a 7.13% growth over a ten-year period. It ranks 1834th on our list of suburbs that property investors should look into.

BELL PARK, 3215 in VIC belongs to the local government area of Greater Geelong.

BELL PARK, 3215 has a capital gain of 9.85% for the past year, which is higher than average compared to its 36% growth within a five-year period.

With the median home price in BELL PARK sitting at $680,000, and the average rent at $480, property owners could potentially earn a 3.67% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in BELL PARK are low, as opposed to average gains per annum over the past five years.

A steady increase in median property prices over a five-year period in BELL PARK, 3215 translates to a 0% capital gain.

Property investors enjoyed capital gains of 0.21% over the last 12 months in BELL PARK, translating to lower returns compared with its peers in VIC.

BELL PARK, 3215 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $526,100.

Profits due to an upward trend in home prices in BELL PARK, 3215 averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in BELL PARK usually have to wait an average of 48.1 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $450 mark, reflecting a 4.45% increase in returns based on the current median price in BELL PARK.

BELL PARK, 3215 places 291st in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$680,000	$526,100
Growth Report
Median Quarterly	5.67%	-0.74%
Median 12 month	9.85%	0.21%
Median 3 years	6.25%	0%
Median 5 years	36%	23.79%
10 years average annual	7.13%	7.37%
Weekly media advert. rent	$480	$450
Time on Market	53.4 days	48.1 days
Gross Rental Yield Percent	3.67%	4.45%

Demographics (Median Values)*

Total Population 20616

Weekly Household Income 1141

Household Size 2.40

Average Age 42

Monthly Loan Repayment 1421

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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