At number 1520th in the list of Australian suburbs ordered by increase in median house value over the last year, Heritage Park, 4118 is in the top 40% with a property value increase of 8.15% recorded in median house prices.
The five-year average increase in median property values for Heritage Park,4118 has given property investors a potential capital gain of 23.54% across each of those five years.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.21% offered to property buyers. Sellers in Heritage Park itself are offering an average vendor discount of -3.56% to real estate investors.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.37%, without taking into account capital value appreciation, which has been averaging out at 3.33%.