Investment property in Driver has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.05%
Driver,0830 was ranked 3313 in Australia by increase in median property value over the quarter.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.52% offered to property buyers. Sellers in Driver itself are offering an average vendor discount of -7.22% to real estate investors.
At number 3323 in a list of fastest selling suburbs, Driver is in the bottom 20% of suburbs in Australia with an average of days on market 122.16 for properties listed there.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 2.81%.