Property value increases in Viewbank have tracked close to the VIC average of 7.80% over the last 12 months.
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.
Vendor discounting in Viewbank is giving property investors an average Vendor Discount of around -10.91%. This puts suburb at number 37th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $450 mark per week – giving a return of 2.74% based on the median price in Suburb
At number 186th in the list of Australian suburbs ordered by increase in median house value over the last year, Viewbank, 3084 is in the top 20% with a property value increase of 16.02% recorded in median house prices.
Viewbank,3084 has offered an average of 16.02% return per annum in house price rises to property investors over the last three years.
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
Property investors should expect to get $370 weekly from the median priced house in this suburb.