Geelong West, VIC 3218
Compare Part of Greater Geelong
65.12 km
Distance from Melbourne CBD
12 k
Population
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
| Year | Median | Growth | Low | High | # Sales |
|---|---|---|---|---|---|
| 2009 | $361,000 | 0.0% | $201,000 | $585,000 | 47 |
| 2010 | $430,000 | +16.0% | $135,000 | $1,870,000 | 92 |
| 2011 | $406,000 | -5.9% | $222,000 | $1,000,000 | 85 |
| 2012 | $410,000 | +1.0% | $198,000 | $2,715,000 | 73 |
| 2013 | $455,000 | +9.9% | $240,000 | $1,550,000 | 106 |
| 2014 | $462,500 | +1.6% | $176,000 | $1,120,000 | 133 |
| 2015 | $495,000 | +6.6% | $186,500 | $975,000 | 135 |
| 2016 | $539,500 | +8.2% | $275,000 | $1,500,000 | 127 |
| 2017 | $665,000 | +18.9% | $225,000 | $1,380,000 | 134 |
| 2018 | $711,000 | +6.5% | $342,500 | $2,175,000 | 135 |
| 2019 | $675,000 | -5.3% | $434,000 | $1,795,000 | 111 |
| 2020 | $770,000 | +12.3% | $280,000 | $1,849,999 | 116 |
| 2021 | $925,000 | +16.8% | $364,000 | $1,907,500 | 150 |
| 2022 | $960,000 | +3.6% | $405,400 | $1,775,000 | 118 |
| 2023 | $910,000 | -5.5% | $573,000 | $2,050,000 | 112 |
| 2024 | $880,000 | -3.4% | $550,000 | $3,170,000 | 116 |
Median Sale Price
$880K
Based on 135 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-3.4%
Current Median Price: $880,000
Previous Median Price: $910,000
Based on 237 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $320 | 0.0% | $140 | $650 | 139 |
| 2012 | $330 | +3.0% | $175 | $750 | 197 |
| 2013 | $330 | 0.0% | $115 | $750 | 226 |
| 2014 | $340 | +2.9% | $180 | $580 | 143 |
| 2015 | $350 | +2.9% | $120 | $650 | 280 |
| 2016 | $350 | 0.0% | $160 | $1,825 | 255 |
| 2017 | $360 | +2.8% | $150 | $700 | 238 |
| 2018 | $380 | +5.3% | $170 | $720 | 195 |
| 2019 | $420 | +9.5% | $170 | $750 | 199 |
| 2020 | $400 | -5.0% | $200 | $700 | 179 |
| 2021 | $450 | +11.1% | $290 | $950 | 201 |
| 2022 | $475 | +5.3% | $170 | $1,200 | 223 |
| 2023 | $500 | +5.0% | $280 | $950 | 204 |
| 2024 | $500 | 0.0% | $320 | $1,100 | 170 |
Median Rent Price
$510
per week
Based on 200 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+2.0%
Current Median Rent: $510
Previous Median Rent: $500
Based on 397 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $880,000
Current Median rent: $510
Based on 335 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Geelong West
Houses sold in Last 12 months ends 16 Nov 2024
$972K
Median Sale Price
44%
Clearance Rate
22/51
Sold/Reported
$1.49M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M | 2 | |
| $1 M - $1.2 M | 2 | |
| $800 K - $1 M (Median Price Range) | 2 | |
| $600 K - $800 K | 4 | |
| $400 K - $600 K | 1 | |
Similar Suburbs to Geelong West 3218
Based on median house sale price sold in last 12 months
Schools closest to Geelong West, VIC 3218
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Ashby Primary School | 2 LAWTON AVENUEGeelong West 3218 | Primary | Government | 0.42 km |
| St John's Lutheran School | 33 ABERDEEN STGeelong 3220 | Primary | Independent | 0.58 km |
| St Patrick's School | PETREL STGeelong West 3218 | Primary | Catholic | 0.74 km |
| Matthew Flinders Girls Secondary College | LITTLE RYRIE STREETGeelong 3220 | Secondary | Government | 0.91 km |
| Newtown Primary School | ABERDEEN STREETNewtown 3220 | Primary | Government | 0.93 km |
| Sacred Heart CollegeTop 100 | RETREAT RDNewtown 3220 | Secondary | Catholic | 1.09 km |
| Chilwell Primary School | 313A PAKINGTON STREETNewtown 3220 | Primary | Government | 1.46 km |
| The Geelong CollegeTop 50 | TALBOT STREETNewtown 3220 | Combined | Independent | 1.35 km |
| St Robert's School | NICHOLAS STNewtown 3220 | Primary | Catholic | 1.63 km |
| Clonard College | 225 CHURCH STGeelong West 3218 | Secondary | Catholic | 1.53 km |