Property investors who have had real estate in Avondale Heights, 3034 should be 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 19.23%
Avondale Heights,3034 has offered an average of 19.23% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Avondale Heights itself are offering an average vendor discount of -5.82% to real estate investors.
In the last year 126 properties changed hands in Avondale Heights, which puts it as the 199th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Avondale Heights being $775000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 2.58%
If you compare the increase in value of investment property in Avondale Heights, 3034 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 11.73%.
Over the longer term, Avondale Heights has seen property prices show investors a 8.23% return over the last 3 years. This is an improvement over the last 12 months
Avondale Heights3034 is located in VIC which offers an average discount of -5.12% to property investors. Avondale Heights itself is showing figures that indicate -3.85% is the average achievable by property buyers investing in the suburb.
The VIC suburb of Avondale Heights, 3034 is in the Moonee Valley local government area.