Eastwood

Property investors enjoyed capital gains of 31.5% over the last 12 months in EASTWOOD, 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 5.47% growth over a ten-year period. It ranks 2162nd on our list of suburbs that property investors should look into.

EASTWOOD, 3875 has a capital gain of 31.5% for the past year, which is higher than average compared to its 52.78% growth within a five-year period.

With the median home price in EASTWOOD sitting at $550,000, and the average rent at $450, property owners could potentially earn a 4.25% increase in gross rental yield.

A 31.5% increase in median property prices in EASTWOOD, 3875 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 78th.

Figures from the previous quarter show that capital gains for real estate buyers in EASTWOOD are low, as opposed to average gains per annum over the past five years.

EASTWOOD, 3875 in VIC belongs to the local government area of East Gippsland (S).