Investment property in Delahey 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 21.88%
If we look at median property appreciation over just the last three months, Delahey has given property investors a paper return of 6.44%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Delahey is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 563th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.18%, investors should hope to achieve an overall return of 3.73%
Delahey is an average performer in VIC when comparing median price capital growth over the last year. Delahey gave property investors a average capital gain figure when compared to the rest of the state, with 4.11%.
Over the longer term, Delahey has seen property prices show investors a 17.60% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Delahey are currently offering property investors an average price cut of -3.58% below the asking price at the moment.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.81%, without taking into account capital value appreciation, which has been averaging out at 4.09%.