Property investments in WYNDHAM VALE fare well against the rest of the country last year, registering a median home price increase of 17.11%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains WYNDHAM VALE, 3024 saw average growth in the long term.
Real estate investors could earn a rental income of $340 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 39.4 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $445,000.
WYNDHAM VALE ranks 200th on the list of best yielding suburbs for rental properties in VIC, posting a 3.97% return.
WYNDHAM VALE, 3024 ranks 85th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26% for property investors last year.
Profits due to an upward trend in home prices in WYNDHAM VALE, 3024 averaged 8.67% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 5.28% increase in returns based on the current median price in WYNDHAM VALE.
An average of 2.42 real estate transactions take place per month in WYNDHAM VALE which translates to 29 per annum.
29 properties were sold in WYNDHAM VALE during the past year, making it the 188th most active market in VIC based on total real estate transactions.
WYNDHAM VALE, 3024 places 37th in Australia based on median property value growth during the quarter.
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