VIC has seen average median house prices change by 9.78% which means that Sydenham, 3037 has done well for property investors by showing a capital gain of 10.21% over the last year
The five-year average increase in median property values for Sydenham,3037 has given property investors a potential capital gain of 25.80% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Sydenham itself are offering an average vendor discount of -2.27% to real estate investors.
Advertised rents are around the $370 mark per week – giving a return of 3.71% based on the median price in Suburb
If you compare the increase in value of investment property in Sydenham, 3037 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.92%.
Comparing Sydenham,3037 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Sydenham should be aiming for at least -5.08% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.