At number 122th in the list of Australian suburbs ordered by increase in median house value over the last year, Abbotsford, 3067 is in the top 10% with a property value increase of 27.50% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Abbotsford,3067 has racked up an average of 27.50% over the period. This ranks it number 292th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Abbotsford is giving property investors an average Vendor Discount of around -4.60%. This puts suburb at number 413th in VIC when ranking the most discounted suburbs.
At number 1394 in a list of fastest selling suburbs, Abbotsford is in the TOP 40% of suburbs in Australia with an average of days on market 69.53 for properties listed there.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 2.72%, without taking into account capital value appreciation, which has been averaging out at 10.57%.
Abbotsford, 3067 ranked 144th in VIC when comparing growth in median property values or capital gain over the last 12 months. Abbotsford is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Abbotsford has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.19% to buyers in Abbotsford at the moment, which is less than average for the rest of VIC.
With the median price for a house in Abbotsford being $565000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.05%