Avondale Heights has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 15.55% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Avondale Heights comes in at number 97th in VIC.
LACK OF BUYER INTEREST may well be the reason that Avondale Heights is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 462th in terms of most discounted suburbs in VIC
In the last year 117 properties changed hands in Avondale Heights, which puts it as the 224th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Avondale Heights being $810000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 2.50%
VIC has seen average median house prices change by 4.79% which means that Avondale Heights, 3034 has done well for property investors by showing a capital gain of 11.11% over the last year