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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 $879,500 and this has changed 7.25% over the past year and changed 9.25% over 2 years.

The median rent in Geelong West for houses is $520 per week and the median rental yield is 3.07%. Stock on the market for houses/townhouses has changed -23.38% compared to last year and the average time to sell a house/townhouse is 83 days.The median listing price for units is $385,000 and this has changed -3.75% over the past year. The average unit takes 128 days to sell and the median rent for a unit in Geelong West is $395 per week, producing a rental yield of 5.33%.

Supply & Demand in Geelong West, Greater Geelong

1.61%

Current vacancy rate


60

Rental stock available


6,965

Population


33.45%

Rental population


0.88%

Current vacancy rate


1,294

Rental stock available


233,426

Population


23.30%

Rental population


0.93%

Current vacancy rate


28,886

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 $879,500 $769,000 $385,000
Median price change - last quarter 0.28% -0.65% -0.63%
Median price change - 1 year 7.25% -1.42% -3.75%
Median price change - 2 years 9.25% 2.67% -12.41%
  House Townhouses Units
Median weekly rent $520 $580 $395
Median yield % 3.07% 3.92% 5.33%
Median rent change - 1 year 8.33% 7.40% 1.28%
  House Units
Previous month sales 9 2
Stock on market previous month 59 5
Stock variance vs. last year -23.38% -73.68%
Average days on market 83 128

Geelong West investment property listings

Showing 3 of 3 investment properties found in Geelong West on realestateinvestar.com.au

51 Albert St, Geelong West

$749,000

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Classic with a big surprise

This pretty single-fronted federation home in the heart of Geelong West delivers a modern makeover and delightful backyard surprise. Dressed in classic period detail with decorative timberwork, leadlight and a pressed metal ceiling, it reflects the essence of the West. It opens off the front ...

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VIC 3218


101 Weller St, Geelong West

$699,000

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At home in the heartland

Perfectly positioned in the heartland of Geelong West, this neat and tidy weatherboard is an ideal entry-level home. It's ready to occupy and enjoy your new cosmopolitan lifestyle being just a few minutes walk to the bustle of Pakington Street's cafes, restaurants and boutiques. At the other end ...

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House

VIC 3218


3/238 Latrobe Tce, Geelong West

$499,000

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Classic charm meets modern living moments from Pakington Street

Positioned on the upper level of the Angarrack Units, this beautifully renovated 1930s apartment blends classic character with contemporary style in one of Geelong West's most desirable locations. One of only four residences within this boutique complex set on approximately 1,047sqm, the home ...

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Unit

VIC 3218


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