If you compare the increase in value of investment property in Viewbank, 3084 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.67%.
If we look at median property appreciation over just the last three months, Viewbank has given property investors a paper return of 4.48%. This puts Suburb as 196 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Viewbank should be aiming for at least -10.98% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Viewbank being $961500 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 2.65%
Over the last year, property investments in Viewbank, 3084 have given investors a capital gain of 5.73%. This compares averagely with the 4.79% for VIC as a whole.
Comparing Viewbank,3084 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period