VIC has seen average median house prices change by 8.12% which means that Macleod, 3085 has done well for property investors by showing a capital gain of 13.94% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Macleod comes in at number 257th in VIC.
Property investors looking for a bargain in Macleod should be aiming for at least -8.34% off the asking price, which is the average vendor discount being achieved at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 2.45%, without taking into account capital value appreciation, which has been averaging out at 10.16%.
VIC has seen average median house prices change by 2.98% which means that Macleod, 3085 has done well for property investors by showing a capital gain of 1.80% over the last year
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.
Sellers are offering property buyers an average discount of -6.05% to buyers in Macleod at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $290 mark per week – giving a return of 2.80% based on the median price in Suburb