A steady increase in median property prices over a five-year period in the suburb translates to a 36.63% capital gain.
Property investors in WHEELERS HILL enjoyed capital gains of 8.11% over the last 12 months translating to lower returns compared with its peers in the territory.
The 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 $1,175,000.
Profits due to an upward trend in home prices there averaged 12.21% per annum over a 3-year period.
Home owners selling their properties and realtors in WHEELERS HILL usually have to wait an average of 71.5 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $490 mark, reflecting a 2.17% increase in returns based on the current median price in WHEELERS HILL.
WHEELERS HILL, 3150 places th in Australia based on median property value growth during the quarter.
Property investors in WHEELERS HILL enjoyed capital gains of 12.67% over the last 12 months translating to lower returns compared with its peers in the territory.
WHEELERS HILL posted a 37.73% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
Real estate investors could earn a rental income of $430 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $430 mark, reflecting a 2.65% increase in returns based on the current median price in WHEELERS HILL.
WHEELERS HILL, 3150 ranks 130th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
WHEELERS HILL ranks 364th on the list of best yielding suburbs for rental properties in VIC, posting a 2.65% return.
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