If you compare the increase in value of investment property in Coolaroo, 3048 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.73%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Coolaroo has increased when compared to the 5 year average annual rate.
At number 554th of VIC’s most discounted properties, Coolaroo is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Coolaroo the average time real estate has been on the market is 26.54 days.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 5.36%, investors should hope to achieve an overall return of 5.04%