Investment property in Ardeer has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.97%
Ardeer,3022 was ranked 620 in Australia by increase in median property value over the quarter.
Ardeer, 3022 is offering VIC ‘s 421th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
On average over the past year, suburb has had 4.58 sales per month, which equates to 55 per year.
With the median price for a house in Ardeer being $440000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 3.78%
At number 926th in the list of Australian suburbs ordered by increase in median house value over the last year, Ardeer, 3022 is in the BOTTOM 50% with a property value increase of 3.21% recorded in median house prices.
In the last year 13 properties changed hands in Ardeer, which puts it as the 342th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 7.04%, investors should hope to achieve an overall return of 4.78%