A steady increase in median property prices over a five-year period in the suburb translates to a 33.98% 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 $690,000
The augmented property values in the suburb are trailing above the territorial average of 9.93% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $425.
Home owners selling their properties and realtors in TAYLORS HILL usually have to wait an average of 51.0 days days before their assets are lifted off the market.
The VIC suburb ranks 303rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.2% return.
It also places places 484th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 30.38% over the last 12 months in TAYLORS HILL, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that TAYLORS HILL, 3037 obtained a 19.05% growth over a ten-year period. It ranks 1187th on our list of suburbs that property investors should look into.
A 30.38% increase in median property prices in TAYLORS HILL, 3037 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 12th.
TAYLORS HILL, 3037 in VIC belongs to the local government area of Melton.