If you compare the increase in value of investment property in Deer Park, 3023 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.97%.
Deer Park,3023 was ranked 820 in Australia by increase in median property value over the quarter.
Deer Park3023 is located in VIC which offers an average discount of -6.03% to property investors. Deer Park itself is showing figures that indicate -4.31% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Deer Park have been waiting around 44.52 days to sell a property.
Advertised rents are around the $340 mark per week – giving a return of 4.02% based on the median price in Suburb
VIC has seen average median house prices change by 3.11% which means that Deer Park, 3023 has done well for property investors by showing a capital gain of 12.75% over the last year
Deer Park,3023 has offered an average of 12.75% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -3.03% to buyers in Deer Park at the moment, which is less than average for the rest of VIC.
With the median price for a house in Deer Park being $345000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.67%