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 15.23%
Across a shorter period, Avondale Heights, 3034 has seen a median price increase of 4.26% 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 -6.04% offered to property buyers. Sellers in Avondale Heights itself are offering an average vendor discount of -5.46% to real estate investors.
Advertised rents are around the $380 mark per week – giving a return of 2.68% based on the median price in Suburb
At number 311th in the list of Australian suburbs ordered by increase in median house value over the last year, Avondale Heights, 3034 is in the top 20% with a property value increase of 11.73% recorded in median house prices.
Avondale Heights,3034 has offered an average of 11.73% return per annum in house price rises to property investors over the last three years.
Avondale Heights3034 is located in VIC which offers an average discount of -5.14% to property investors. Avondale Heights itself is showing figures that indicate -3.61% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Avondale Heights being $500000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.74%