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Investment Property Geelong West, VIC, 3218

Suburb Snapshot

Geelong West is a suburb in the Greater Geelong Region of Victoria. Geelong West has a population of 6,965 people and 33.45% of its occupants live in rental accommodation. The median listing price for houses is $872,500 and this has changed 9.06% over the past year and changed 3.86% over 2 years.

The median rent in Geelong West for houses is $520 per week and the median rental yield is 3.09%. Stock on the market for houses/townhouses has changed -22.22% compared to last year and the average time to sell a house/townhouse is 83 days.The median listing price for units is $397,000 and this has changed -7.68% over the past year. The average unit takes 119 days to sell and the median rent for a unit in Geelong West is $390 per week, producing a rental yield of 5.10%.

Supply & Demand in Geelong West, Greater Geelong

1.66%

Current vacancy rate


62

Rental stock available


6,965

Population


33.45%

Rental population


0.89%

Current vacancy rate


1,311

Rental stock available


233,426

Population


23.30%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Geelong West, Greater Geelong

  House Townhouses Units
Median listing price $872,500 $769,000 $397,000
Median price change - last quarter 0.28% -0.65% -0.63%
Median price change - 1 year 9.06% -2.29% -7.68%
Median price change - 2 years 3.86% 2.60% -9.68%
  House Townhouses Units
Median weekly rent $520 $575 $390
Median yield % 3.09% 3.88% 5.10%
Median rent change - 1 year 7.21% 6.48% 0.00%
  House Units
Previous month sales 6 3
Stock on market previous month 56 9
Stock variance vs. last year -22.22% -55.00%
Average days on market 83 119

Geelong West investment property listings

Showing 1 of 1 investment properties found in Geelong West on realestateinvestar.com.au

2/83 Elizabeth St, GEELONG WEST

$325,000

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VIC 3218


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