With a capital gain of -0.27% for the last 12 months, Spring Hill, 4000 has performed for property investments than its average annual 3.96% property growth over the last 5 years.
Across a shorter period, Spring Hill, 4000 has seen a median price increase of -0.87% over the last quarter.
Our latest figures would indicate that property sellers in Spring Hill are currently offering property investors an average price cut of -9.31% below the asking price at the moment.
Residents and property investors in Spring Hill have been waiting around 73.64 days to sell a property.
Advertised rents are around the $550 mark per week – giving a return of 3.15% based on the median price in Suburb
Giving property investors a a poor capital gain of -6.86% for the last year, Spring Hill, 4000 is the 1490th highest performer in Australia in this respect.
Over the longer term, Spring Hill has seen property prices show investors a 8.38% return over the last 3 years. This is worse than over the last 12 months
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Spring Hill itself are offering an average vendor discount of -8.65% to real estate investors.
Often selling an investment property can take time, and in Spring Hill the average time real estate has been on the market is 101.98 days.
Spring Hill, 4000’s gross rental yield is 5.61%