Property investors enjoyed capital gains of 7.14% over the last 12 months in LUCKNOW, translating to lower returns compared with its peers in VIC.
The suburb posted a 3.45% 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 $310 based on current median home prices for the suburb.
On average, rents on listings have reached the $310 mark, reflecting a 6.72% increase in returns based on the current median price in LUCKNOW.
LUCKNOW, 3875 ranks 496th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 17th on the list of best yielding suburbs for rental properties in VIC, posting a 6.72% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.14%||N/A|
|Median 3 years||3.45%||N/A|
|Median 5 years||N/A||N/A|
|10 years average annual||2.18%||N/A|
|Weekly media advert. rent||$310||N/A|
|Time on Market||111.0 days||N/A|
|Gross Rental Yield Percent||6.72%||N/A|