At number 1421th in the list of Australian suburbs ordered by increase in median house value over the last year, Wyndham Vale, 3024 is in the top 40% with a property value increase of 10.19% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Wyndham Vale,3024 has racked up an average of 10.19% over the period. This ranks it number 1597th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Wyndham Vale should be aiming for at least -4.54% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 36.25 sales per month, which equates to 435 per year.
Wyndham Vale is 195th on a list of best yielding suburbs for rents in VIC with a 4.29% return
At number 251th in the list of Australian suburbs ordered by increase in median house value over the last year, Wyndham Vale, 3024 is in the top 20% with a property value increase of 15.88% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wyndham Vale has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Wyndham Vale itself are offering an average vendor discount of -3.50% to real estate investors.
Using the current median advertised rental of $307.5 and the average annual increase in value of a median property of 2.95%, investors should hope to achieve an overall return of 5.69%