Viewbank, 3084 ranked 321th in VIC when comparing growth in median property values or capital gain over the last 12 months. Viewbank is one of 2098 in our list for VIC
If we look at median property appreciation over just the last three months, Viewbank has given property investors a paper return of 2.92%. This puts Suburb as 241 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Viewbank should be aiming for at least -9.69% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
With the median price for a house in Viewbank being $880000 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 2.72%
Investment property in Viewbank has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -9.24%
While Viewbank,3084 ranked number 256th in VIC for increase in median house value (annualised) increase, it is ranked 142th over the last 5 years.
Property investors should expect to get $370 weekly from the median priced house in this suburb.