VIC has seen average median house prices change by 7.80% which means that Avondale Heights, 3034 has done well for property investors by showing a capital gain of 12.16% over the last year
While Avondale Heights,3034 ranked number 310th in VIC for increase in median house value (annualised) increase, it is ranked 244th over the last 5 years.
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 -5.08% to real estate investors.
At number 590 in a list of fastest selling suburbs, Avondale Heights is in the TOP 20% of suburbs in Australia with an average of days on market 51.49 for properties listed there.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 8.59%, investors should hope to achieve an overall return of 2.82%
With a capital gain of -5.82% for the last 12 months, Avondale Heights, 3034 has performed for property investments than its average annual 4.86% property growth over the last 5 years.
Over the longer term, Avondale Heights has seen property prices show investors a 0.98% return over the last 3 years. This is worse than over the last 12 months
Avondale Heights3034 is located in VIC which offers an average discount of -5.22% to property investors. Avondale Heights itself is showing figures that indicate -2.92% is the average achievable by property buyers investing in the suburb.
Avondale Heights is 181th on a list of best yielding suburbs for rents in VIC with a 4.26% return