At number 977th in the list of Australian suburbs ordered by increase in median house value over the last year, Hillside, 3037 is in the top 30% with a property value increase of 10.88% recorded in median house prices.
A 29.63% growth in median value for property investors in Hillside,3037 puts this suburb at number 438th in terms of best performing suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Hillside itself are offering an average vendor discount of -6.63% to real estate investors.
In the last year 204 properties changed hands in Hillside, which puts it as the 110th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.44%, investors should hope to achieve an overall return of 3.66%
If you compare the increase in value of investment property in Hillside, 3037 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 7.50%.
Hillside,3037 has offered an average of 7.50% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Hillside, 3037. Typically our figures indicate that -3.09% is being offered, which puts this VIC suburb at 1298th most discounted overall in Australia.
Using the current median advertised rental of $345 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 4.77%