At number 828th in the list of Australian suburbs ordered by increase in median house value over the last year, Airport West, 3042 is in the top 20% with a property value increase of 13.39% recorded in median house prices.
Airport West,3042 was ranked 1757 in Australia by increase in median property value over the quarter.
The most recent median price for Airport West is $741000, with sellers offering an average of -2.96% off the asking price.
Advertised rents are around the $380 mark per week – giving a return of 2.67% based on the median price in Suburb
Investment property in Airport West 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 7.65%
Over the longer term, Airport West has seen property prices show investors a 15.05% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Airport West is giving property investors an average Vendor Discount of around -2.45%. This puts suburb at number 303th in VIC when ranking the most discounted suburbs.
With the median price for a house in Airport West being $535000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.69%