With a capital gain of 29.04% for the last 12 months, Alphington, 3078 has performed for property investments than its average annual 10.18% property growth over the last 5 years.
Alphington,3078 was ranked 582 in Australia by increase in median property value over the quarter.
At number 631th of VIC’s most discounted properties, Alphington is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Alphington, 3078’s gross rental yield is 2.01%
Property investors who have had real estate in Alphington, 3078 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.80%
Over the longer term, Alphington has seen property prices show investors a 16.38% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Alphington is giving property investors an average Vendor Discount of around -4.09%. This puts suburb at number 232th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Alphington the average time real estate has been on the market is 57.95 days.
Using the current median advertised rental of $357.5 and the average annual increase in value of a median property of 10.40%, investors should hope to achieve an overall return of 2.86%