Investment property in Truganina has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.31%
Across a shorter period, Truganina, 3029 has seen a median price increase of 1.86% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Truganina itself are offering an average vendor discount of -9.30% to real estate investors.
Truganina, 3029’s gross rental yield is 4.39%
If you compare the increase in value of investment property in Truganina, 3029 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.46%.
Comparing Truganina,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Truganina 3029 should be seeing an average reduction in asking price of around -4.29% . This means that Truganina is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
A $325 per week rent on the median house gives suburb investors a gross yield of circa 4.98%, without taking into account capital value appreciation, which has been averaging out at 3.70%.