Property investors enjoyed capital gains of 11.02% over the last 12 months in GLEN WAVERLEY, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in GLEN WAVERLEY are low, as opposed to average gains per annum over the past five years.
The suburb posted a 39.8% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $495 based on current median home prices for the suburb.
On average, rents on listings have reached the $495 mark, reflecting a 1.88% increase in returns based on the current median price in GLEN WAVERLEY.
GLEN WAVERLEY, 3150 ranks 410th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 563rd on the list of best yielding suburbs for rental properties in VIC, posting a 1.88% return.
Property investors have seen a 2.46% gain in GLEN WAVERLEY based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on GLEN WAVERLEY, 3150 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 13.26%.
Based on its average 5-year and quarterly capital gains GLEN WAVERLEY, 3150 saw average growth in the long term.
GLEN WAVERLEY, 3150 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 $771,000.
Profits due to an upward trend in home prices in GLEN WAVERLEY, 3150 averaged 6.82% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in GLEN WAVERLEY, 3150 is 3.04%.
An average of 15.42 real estate transactions take place per month in GLEN WAVERLEY which translates to 185 per annum.
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