If you compare the increase in value of investment property in Lower Plenty, 3093 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.25%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Lower Plenty has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Lower Plenty are currently offering property investors an average price cut of -7.69% below the asking price at the moment.
If you compare the increase in value of investment property in Lower Plenty, 3093 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -3.43%.
Lower Plenty,3093 has offered an average of -3.43% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lower Plenty, 3093. Typically our figures indicate that -4.15% is being offered, which puts this VIC suburb at 1030th most discounted overall in Australia.
In the last year 33 properties changed hands in Lower Plenty, which puts it as the 230th most active market in VIC when comparing the number of sales per suburb.
Lower Plenty, 3093’s gross rental yield is 3.75%