Property value increases in Hadfield have tracked just higher than the VIC average of 8.23% over the last 12 months.
While Hadfield,3046 ranked number 164th in VIC for increase in median house value (annualised) increase, it is ranked 436th over the last 5 years.
Vendor discounting in Hadfield is giving property investors an average Vendor Discount of around -1.70%. This puts suburb at number 603th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 8.07%, investors should hope to achieve an overall return of 3.17%
Over the last year, property investments in Hadfield, 3046 have given investors a capital gain of 3.19%. This compares averagely with the 4.09% for VIC as a whole.
While Hadfield,3046 ranked number 239th in VIC for increase in median house value (annualised) increase, it is ranked 331th over the last 5 years.
Property investors looking for a bargain in Hadfield should be aiming for at least -8.74% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Hadfield being $356000 and the advertised rent reaching $322.5 the gross rental yield for property investors calculates out to be 4.71%