Investment property in Hillside has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.61%
Hillside,3037 was ranked 2156 in Australia by increase in median property value over the quarter.
The most recent median price for Hillside is $526250, with sellers offering an average of -6.79% off the asking price.
Often selling an investment property can take time, and in Hillside the average time real estate has been on the market is 56.55 days.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 6.45%, investors should hope to achieve an overall return of 3.66%
Property value increases in Hillside have tracked just higher than the VIC average of 3.49% over the last 12 months.
Across a shorter period, Hillside, 3037 has seen a median price increase of 1.06% over the last quarter.
Property investors looking for a bargain in Hillside should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $340 weekly from the median priced house in this suburb.