The VIC suburb 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 $948,000
Profits averaged 10.29% per annum over a 3-year period, due to an upward trend in home prices in LOWER PLENTY, 3093.
This means, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.3%.
An average of 2.33 real estate transactions take place per month in LOWER PLENTY which translates to 28 per annum.
Property investments in LOWER PLENTY fare well against the rest of the country last year, registering a median home price increase of 8.29%.
Figures from the previous quarter show that capital gains for real estate buyers in LOWER PLENTY are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 saw average growth in the long term.
This means, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In LOWER PLENTY, homes and units usually stay on listing for an average of 46.7 days.
the VIC suburb 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 $575,000
Investors saw the median home price rise to $575,000.
LOWER PLENTY ranks 272nd on the list of best yielding suburbs for rental properties in VIC, posting a 3.35% return.
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