If you compare the increase in value of investment property in Monash, 2904 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this ACT suburb was -3.98%.
When looking at the potential capital gains offered to property investors over the last 3 years, Monash comes in at number 80th in ACT.
Our latest figures would indicate that property sellers in Monash are currently offering property investors an average price cut of -2.67% below the asking price at the moment.
Monash, 2904’s gross rental yield is 4.70%
ACT has seen average median house prices change by -1.90% which means that Monash, 2904 has not done well for property investors by showing a capital gain of 2.09% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Monash has increased when compared to the 5 year average annual rate.
Monash, 2904 is offering ACT ‘s 31th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this ACT.
Residents and property investors in Monash have been waiting around 112.27 days to sell a property.
Using the current median advertised rental of $425 and the average annual increase in value of a median property of 3.57%, investors should hope to achieve an overall return of 5.03%