TONGALA ranks 311th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 24.32% for the past year is higher than average compared to its 12.88% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in TONGALA, the median home price is sitting at $230,000, and the average rent at $235, this suggests property owners could potentially earn a 5.31% increase in gross rental yield.
Property investors have seen a 11.52% gain in TONGALA based on an increase in median home prices for the past three months.
They believe that homeowners and real estate investors betting on TONGALA, 3621 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 24.32%.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 3.4% growth over a ten-year period. It ranks 2209th on our list of suburbs that property investors should look into.