Property investors who have had real estate in Deer Park, 3023 should be relatively 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 10.37%
Taking the average capital gain, or increase in median house value, Deer Park,3023 has racked up an average of 10.37% over the period. This ranks it number 1656th in the whole country for real estate investors looking at median house price increases.
Deer Park, 3023 is offering VIC ‘s 452th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
At number 784 in a list of fastest selling suburbs, Deer Park is in the TOP 30% of suburbs in Australia with an average of days on market 54.75 for properties listed there.
A $330 per week rent on the median house gives suburb investors a gross yield of circa 4.13%, without taking into account capital value appreciation, which has been averaging out at 6.99%.
Giving property investors a a stable capital gain of 6.97% for the last year, Deer Park, 3023 is the 617th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Deer Park has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Deer Park should be aiming for at least -5.86% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1280 in a list of fastest selling suburbs, Deer Park is in the bottom 20% of suburbs in Australia with an average of days on market 111.55 for properties listed there.