Property value increases in Deer Park have tracked just higher than the VIC average of 8.12% over the last 12 months.
Deer Park,3023 was ranked 1280 in Australia by increase in median property value over the quarter.
Vendor discounting in Deer Park is giving property investors an average Vendor Discount of around -3.95%. This puts suburb at number 504th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 22.00 sales per month, which equates to 264 per year.
Advertised rents are around the $340 mark per week – giving a return of 4.00% based on the median price in Suburb
At number 280th in the list of Australian suburbs ordered by increase in median house value over the last year, Deer Park, 3023 is in the top 20% with a property value increase of 12.75% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Deer Park comes in at number 155th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Deer Park itself are offering an average vendor discount of -3.03% to real estate investors.
Residents and property investors in Deer Park have been waiting around 87.61 days to sell a property.
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%