Investment property in Shortland has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.63%
Shortland,2307 was ranked 2259 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Shortland should be aiming for at least -3.81% off the asking price, which is the average vendor discount being achieved at the moment.
At number 229 in a list of fastest selling suburbs, Shortland is in the TOP 10% of suburbs in Australia with an average of days on market 39.94 for properties listed there.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 4.66%, investors should hope to achieve an overall return of 4.99%
With a capital gain of 1.11% for the last 12 months, Shortland, 2307 has performed for property investments than its average annual 10.93% property growth over the last 5 years.
Over the longer term, Shortland has seen property prices show investors a 40.86% return over the last 3 years. This is worse than over the last 12 months
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.45% offered to property buyers. Sellers in Shortland itself are offering an average vendor discount of -1.28% to real estate investors.