Property investors who have had real estate in Sydenham, 3037 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.25%
Sydenham,3037 was ranked 989 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Sydenham should be aiming for at least -4.64% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 80 properties changed hands in Sydenham, which puts it as the 308th most active market in VIC when comparing the number of sales per suburb.
Property value increases in Sydenham have tracked higher than the VIC average of 3.56% over the last 12 months.
Sydenham,3037 has offered an average of 13.05% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Sydenham is giving property investors an average Vendor Discount of around -6.49%. This puts suburb at number 65th in VIC when ranking the most discounted suburbs.
With the median price for a house in Sydenham being $333500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.15%