HEATHCOTE, 3523 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 HEATHCOTE, 3523 values up and netting property investors a capital gain of 5.45% for the past year.
Investors saw the median home price rise to $290,000.
Profits due to an upward trend in home prices in the suburb averaged 3.14% per annum over a 3-year period.
HEATHCOTE now ranks at the 105th 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 HEATHCOTE are high, as opposed to average gains per annum over the past five years.
Because of this real estate investors could earn a rental income of $300 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 HEATHCOTE, homes and units usually stay on listing for an average of 92.3 days.
In 2016, 39 properties were sold in HEATHCOTE during the past year, making it the 240th most active market in VIC based on total real estate transactions.
Property investors have seen a -11.83% drop in HEATHCOTE based on a decrease in median home prices for the past three months.
Things are heading the right way at...
Thanks for sharing this Scott. What...
Removing negative gearing would result...
Independent Financial Adviser
Real Estate Business
Smart Property Investment
Which Investment Property
Australian Law Awards
Corporate Counsel Awards
30 Under Thirty
Partner of the Year
Women in Law
Better Business Summit
Australian Broking Awards
New Broker Academy
Bootcamp SME Broker
Australian Accounting Awards
ifa Excellence Awards
Women in Finance Awards
Adviser Innovation Summit
Tax & Legal