With a capital gain of 2.32% for the last 12 months, Vincent, 4814 has performed for property investments than its average annual 1.51% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Vincent has fallen somewhat when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.31% offered to property buyers. Sellers in Vincent itself are offering an average vendor discount of -9.26% to real estate investors.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.69%, without taking into account capital value appreciation, which has been averaging out at 1.51%.