Strathmore, 3041 ranked 188th in VIC when comparing growth in median property values or capital gain over the last 12 months. Strathmore is one of 2098 in our list for VIC
While Strathmore,3041 ranked number 601th in VIC for increase in median house value (annualised) increase, it is ranked 224th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Strathmore itself are offering an average vendor discount of -6.60% to real estate investors.
Strathmore is 527th on a list of best yielding suburbs for rents in VIC with a 2.32% return
If you compare the increase in value of investment property in Strathmore, 3041 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 21.85%.
Over the longer term, Strathmore has seen property prices show investors a 23.93% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Strathmore are currently offering property investors an average price cut of -3.36% below the asking price at the moment.
At number 132 in a list of fastest selling suburbs, Strathmore is in the TOP 10% of suburbs in Australia with an average of days on market 42 for properties listed there.
Strathmore is 365th on a list of best yielding suburbs for rents in VIC with a 2.73% return