Investment property in Viewbank 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 14.76%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Viewbank has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -18.39% to buyers in Viewbank at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $480 mark per week – giving a return of 2.60% based on the median price in Suburb
Giving property investors a a stable capital gain of 5.53% for the last year, Viewbank, 3084 is the 684th highest performer in Australia in this respect.
Across a shorter period, Viewbank, 3084 has seen a median price increase of 8.98% over the last quarter.
Property investors should expect to get $400 weekly from the median priced house in this suburb.