Property investors enjoyed capital gains of 18.75% over the last 12 months in RUTHERGLEN, 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 3.65% growth over a ten-year period. It ranks 2079th on our list of suburbs that property investors should look into.
RUTHERGLEN, 3685 has a capital gain of 18.75% for the past year, which is higher than average compared to its 21.41% growth within a five-year period.
With the median home price in RUTHERGLEN sitting at $285,000, and the average rent at $270, property owners could potentially earn a 4.93% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in RUTHERGLEN are high, as opposed to average gains per annum over the past five years.
RUTHERGLEN, 3685 in VIC belongs to the local government area of Indigo.