ALFREDTON, 3350 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling ALFREDTON, 3350 values up and netting property investors a capital gain of 3.54% for the past year.
Investors saw the median home price rise to $410,000.
Profits due to an upward trend in home prices in the suburb averaged 4.87% per annum over a 3-year period.
ALFREDTON now ranks at the 582nd place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in ALFREDTON are low, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $340 based on current median home prices.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In ALFREDTON, homes and units usually stay on listing for an average of 66.7 days.
In 2016, 243 properties were sold in ALFREDTON during the past year, making it the 389th most active market in VIC based on total real estate transactions.
ALFREDTON ranks 17th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
ALFREDTON, 3350 has a capital gain of 3.13% for the past year, which is higher than average compared to its -23.79% growth within a five-year period.
With the median home price in ALFREDTON sitting at $245,000, and the average rent at $240, property owners could potentially earn a 5.09% increase in gross rental yield.
Property investors have seen a -2.87% drop in ALFREDTON based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that ALFREDTON, 3350 obtained a 4.88% growth over a ten-year period. It ranks 699th on our list of suburbs that property investors should look into.