Powered by MOMENTUM MEDIA
Geelong West
AREA REPORTS

Geelong West

Geelong West - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3218

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 16.8% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $775,000

The augmented property values in the suburb are trailing above the territorial average of 9.35% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $400.

Home owners selling their properties and realtors in GEELONG WEST usually have to wait an average of 49.0 days days before their assets are lifted off the market.

The VIC suburb ranks 416th on the list of best yielding suburbs for rental properties in VIC, posting a 2.68% return.

It also places places 116th in Australia based on median property value growth during the quarter.

Data report can be found below

Geelong West
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $775,000 $587,500
GROWTH REPORT
Median Quarterly 6.24% 23.04%
Median 12 month 14.81% 17.5%
Median 3 years 16.8% 39.88%
Median 5 years 58.97% 70.29%
10 years average annual 7.4% 11.28%
Weekly media advert. rent $400 $355
Time on Market 49.0 days 58.4 days
Gross Rental Yield Percent 2.68% 3.14%
demographics (median values)*
Total Population
13437
Weekly Household Income
1286
Household Size
2.20
Age
37
Monthly Loan Repayment
1555
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Get the latest news & updates

Join a community of over 100,000 property investors.

Check this box to receive podcast updates

Related Articles


Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.