Investment property in Alphington has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.17%
Alphington,3078 was ranked 446 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Alphington is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 625th in terms of most discounted suburbs in VIC
The VIC suburb of Alphington, 3078 is in the Darebin local government area.
Investment property in Alphington 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 9.43%
Across a shorter period, Alphington, 3078 has seen a median price increase of 9.98% over the last quarter.
Property investors looking for a bargain in Alphington should be aiming for at least -3.80% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Alphington have been waiting around 57.88 days to sell a property.
Using the current median advertised rental of $370 and the average annual increase in value of a median property of 10.70%, investors should hope to achieve an overall return of 2.96%