Property investments in HIGHTON fare well against the rest of the country last year, registering a median home price increase of 9.66%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains HIGHTON, 3216 saw average growth in the long term.
Real estate investors could earn a rental income of $410 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 49.4 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $641,500.
HIGHTON ranks 279th on the list of best yielding suburbs for rental properties in VIC, posting a 3.32% return.
Profits due to an upward trend in home prices in HIGHTON, 3216 averaged 3.63% per annum over a 3-year period.
Average weekly rents on listings have reached the $300 mark, reflecting a 4.61% increase in returns based on the current median price in HIGHTON.
An average of 6.33 real estate transactions take place per month in HIGHTON which translates to 76 per annum.
76 properties were sold in HIGHTON during the past year, making it the 33rd most active market in VIC based on total real estate transactions.
HIGHTON, 3216 places 218th in Australia based on median property value growth during the quarter.
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