Investment property in Clare 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 -8.47%
Clare,5453 was ranked 2719 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.55% offered to property buyers. Sellers in Clare itself are offering an average vendor discount of -9.41% to real estate investors.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.71%, investors should hope to achieve an overall return of 5.20%