Property investors have seen a 1.92% gain in LOWER PLENTY based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains LOWER PLENTY, 3093 saw average growth in the long term.
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 $982,500
Profits averaged 13.45% 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 $405 based on current median home prices for the suburb.
The gross rental yield in LOWER PLENTY, 3093 is 2.14%.
An average of 2 real estate transactions take place per month in LOWER PLENTY which translates to 24 per annum.
Property investments in LOWER PLENTY did not fare well against the rest of the country last year, registering a median home price decrease of 1.85%.
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.
This means, real estate investors could earn a rental income of $365 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 42.3 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 $550,000
Investors saw the median home price rise to $550,000.
LOWER PLENTY ranks 264th on the list of best yielding suburbs for rental properties in VIC, posting a 3.45% return.
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