Investment property in Avondale Heights has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 17.78%
A 48.60% growth in median value for property investors in Avondale Heights,3034 puts this suburb at number 212th in terms of best performing suburbs in VIC
Avondale Heights3034 is located in VIC which offers an average discount of -5.87% to property investors. Avondale Heights itself is showing figures that indicate -5.85% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 9.70%, investors should hope to achieve an overall return of 2.55%
If you compare the increase in value of investment property in Avondale Heights, 3034 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.11%.
Property investors looking for a bargain in Avondale Heights should be aiming for at least -4.69% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.