With a capital gain of 0.97% for the last 12 months, Spotswood, 3015 has performed for property investments than its average annual 9.50% property growth over the last 5 years.
Across a shorter period, Spotswood, 3015 has seen a median price increase of -1.76% over the last quarter.
Property investors looking for a bargain in Spotswood should be aiming for at least -3.13% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Spotswood have been waiting around 48.7 days to sell a property.
Advertised rents are around the $465 mark per week – giving a return of 2.66% based on the median price in Suburb
Investment property in Spotswood has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.27%
Over the longer term, Spotswood has seen property prices show investors a 12.03% return over the last 3 years. This is worse than over the last 12 months
Using the current median advertised rental of $420 and the average annual increase in value of a median property of 8.96%, investors should hope to achieve an overall return of 4.04%