Investment property in Lower Plenty has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.67%
Across a shorter period, Lower Plenty, 3093 has seen a median price increase of 3.99% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Lower Plenty itself are offering an average vendor discount of -7.69% to real estate investors.
Renters in Suburb are facing rents around $5940 per annum or $495 every week.
If you compare the increase in value of investment property in Lower Plenty, 3093 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.57%.
If we look at median property appreciation over just the last three months, Lower Plenty has given property investors a paper return of 7.19%. This puts Suburb as 30 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Lower Plenty is $521500, with sellers offering an average of -7.14% off the asking price.
Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 55.64 days.