Property investors enjoyed capital gains of 25.65% over the last 12 months in KOROIT, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 3.98% growth over a ten-year period. It ranks 1911th on our list of suburbs that property investors should look into.
KOROIT, 3282 has a capital gain of 25.65% for the past year, which is higher than average compared to its 29.03% growth within a five-year period.
With the median home price in KOROIT sitting at $360,000, and the average rent at $290, property owners could potentially earn a 4.19% increase in gross rental yield.
A 25.65% increase in median property prices in KOROIT, 3282 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 40th.
Figures from the previous quarter show that capital gains for real estate buyers in KOROIT are high, as opposed to average gains per annum over the past five years.
KOROIT, 3282 in VIC belongs to the local government area of Moyne.