Hillside has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.78% to date .
If we look at median property appreciation over just the last three months, Hillside has given property investors a paper return of 2.29%. This puts Suburb as 378 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Hillside is giving property investors an average Vendor Discount of around -6.81%. This puts suburb at number 140th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $372.5 mark per week – giving a return of 3.47% based on the median price in Suburb
Property value increases in Hillside have tracked close to the VIC average of 4.79% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hillside has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Hillside are currently offering property investors an average price cut of -3.44% below the asking price at the moment.
On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.