Property investors enjoyed capital gains of 29.19% over the last 12 months in OFFICER, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in OFFICER are low, as opposed to average gains per annum over the past five years.
The suburb posted a 86.75% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $390 based on current median home prices for the suburb.
On average, rents on listings have reached the $390 mark, reflecting a 3.81% increase in returns based on the current median price in OFFICER.
OFFICER, 3809 ranks 28th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 208th on the list of best yielding suburbs for rental properties in VIC, posting a 3.81% return.
Property investors have seen a 5.63% gain in OFFICER based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on OFFICER, 3809 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.07%.
Based on its average 5-year and quarterly capital gains OFFICER, 3809 saw average growth in the long term.
OFFICER, 3809 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $422,500.
Profits due to an upward trend in home prices in OFFICER, 3809 averaged 5.57% per annum over a 3-year period.
The gross rental yield in OFFICER, 3809 is 0%.
An average of 1 real estate transactions take place per month in OFFICER which translates to 12 per annum.
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