Property value increases in Macleod have tracked just lower than the VIC average of 11.00% 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 Macleod has increased when compared to the 5 year average annual rate.
Property buyers and investors in Macleod 3085 should be seeing an average reduction in asking price of around -3.93% . This means that Macleod is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Macleod the average time real estate has been on the market is 33 days.
Giving property investors a a stable capital gain of 7.98% for the last year, Macleod, 3085 is the 604th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Macleod comes in at number 20th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Macleod itself are offering an average vendor discount of 0.00% to real estate investors.
With the median price for a house in Macleod being $585000 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 2.27%