VIC has seen average median house prices change by 8.27% which means that Deer Park, 3023 has done well for property investors by showing a capital gain of 14.80% over the last year
Deer Park,3023 was ranked 1491 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 -3.86%. This puts suburb at number 503th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 21.75 sales per month, which equates to 261 per year.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 7.66%, investors should hope to achieve an overall return of 3.93%
At number 290th 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 12.64% recorded in median house prices.
If we look at median property appreciation over just the last three months, Deer Park has given property investors a paper return of 0.72%. This puts Suburb as 173 on a list of fastest fasting appreciating suburbs in VIC
Deer Park, 3023 is offering VIC ‘s 314th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
In the last year 49 properties changed hands in Deer Park, which puts it as the 177th most active market in VIC when comparing the number of sales per suburb.