With a capital gain of 4.35% for the last 12 months, Macleod, 3085 has performed for property investments than its average annual 9.85% property growth over the last 5 years.
Macleod,3085 has offered an average of 4.35% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Macleod is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 286th in terms of most discounted suburbs in VIC
A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.46%, without taking into account capital value appreciation, which has been averaging out at 9.85%.
Macleod has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.48% to date .
If we look at median property appreciation over just the last three months, Macleod has given property investors a paper return of 4.14%. This puts Suburb as 87 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Macleod are currently offering property investors an average price cut of -5.73% below the asking price at the moment.
In the last year 49 properties changed hands in Macleod, which puts it as the 184th most active market in VIC when comparing the number of sales per suburb.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 2.48%, without taking into account capital value appreciation, which has been averaging out at 6.46%.