City Buyers Swarm NSW South Coast, Creating Unseen Conditions
Properties on the NSW South Coast are selling on average 20 per cent above expectation as the coastal market heats up. ...
INVERLOCH, 3996 ranks 1252nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 10.36% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also 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 $650,000.
The upward trend in home prices in INVERLOCH, 3996 averaged 10.66% per annum over a 3-year period.
Average weekly rents on listings have reached the $390 mark, reflecting a 3.12% increase in returns based on the current median price in INVERLOCH.
An average of 15.42 real estate transactions take place per month in INVERLOCH which translates to 185 per annum.
185 properties were sold in INVERLOCH in 2016, making it the 514th most active market in VIC based on total real estate transactions.
INVERLOCH, 3996 places 194th in Australia based on median property value growth during the quarter.
Australia has a wealth of surfing spots throughout the country, but none is more fitting for the nervous beginner than Inverloch. The coastal town is known for the Anderson Inlet, a shallow estuary home to a sheltered beach where gentle swells roll toward the shore and diminish into sea foam. When Inverloch tides are low, the mudflats underneath the inlet are exposed. It’s the best time to go for a walk along the secluded beach and examine its minute but diverse marine life.
Things to do in Inverloch
Inverloch is a quiet hideaway tucked in the south-east of Melbourne that can be reached via the South Gippsland Highway. It is a short drive away from Phillip Island, another popular seaside destination in the capital.
There’s no shortage of beachside accommodations in Inverloch for travellers who wish to stay in town for the weekend. There are about 21 hotels in Inverloch listed online, ranging from homestays and cottages to luxury villas.
The same goes for tourist spots to fill one’s itinerary. There’s the Inverloch Jetty, where it’s nice to go sightseeing and meditate on the beauty of the ocean; the Eagles Nest, a lookout surrounded by a rugged coast; and the Bunurong Marine and Coastal Park, which encompasses the coastline and reef of Harmers Haven, Inverloch and Cape Paterson.
Educational tours are also on offer for those who want to learn about Inverloch’s heritage. A popular tour for families is the Dinosaur Dreaming tour, which involves a tour of the town’s fossil-bearing coastline. Inverloch is the site where the first dinosaur fossil has been discovered.
Investing in Inverloch real estate
Inverloch’s property market is seeing a gradual increase in prices as locals resell their properties. Smaller homes sell for an estimated $300,000, while three- or four-bedroom homes and grazing properties can fetch as much as $1 million. Rental yield is consistently up by over 10 per cent for both homes and units.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10.36%||18.42%|
|Median 3 years||31.98%||25%|
|Median 5 years||52.94%||57.34%|
|10 years average annual||4.99%||2.94%|
|Weekly media advert. rent||$390||$325|
|Time on Market||106.8 days||84.1 days|
|Gross Rental Yield Percent||3.12%||3.76%|