Property investors who have had real estate in Spotswood, 3015 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.86%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Spotswood has increased when compared to the 5 year average annual rate.
The most recent median price for Spotswood is $918500, with sellers offering an average of -1.30% off the asking price.
With a capital gain of -18.52% for the last 12 months, Spotswood, 3015 has performed for property investments than its average annual 4.50% property growth over the last 5 years.
Comparing Spotswood,3015 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
On average over the past year, suburb has had 1.08 sales per month, which equates to 13 per year.
With the median price for a house in Spotswood being $440000 and the advertised rent reaching $392.5 the gross rental yield for property investors calculates out to be 4.64%