Viewbank has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.61% to date .
Viewbank,3084 has offered an average of 10.61% return per annum in house price rises to property investors over the last three years.
At number 16th of VIC’s most discounted properties, Viewbank is in the bottom 10% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Viewbank being $912000 and the advertised rent reaching $470 the gross rental yield for property investors calculates out to be 2.68%
If you compare the increase in value of investment property in Viewbank, 3084 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -2.91%.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 6.41%.