At number 322th in the list of Australian suburbs ordered by increase in median house value over the last year, Lower Plenty, 3093 is in the top 10% with a property value increase of 18.21% recorded in median house prices.
While Lower Plenty,3093 ranked number 203th in VIC for increase in median house value (annualised) increase, it is ranked 126th over the last 5 years.
Our latest figures would indicate that property sellers in Lower Plenty are currently offering property investors an average price cut of -7.66% below the asking price at the moment.
Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 67.58 days.
Lower Plenty is 419th on a list of best yielding suburbs for rents in VIC with a 2.95% return
Giving property investors a a stable capital gain of 9.31% for the last year, Lower Plenty, 3093 is the 430th highest performer in Australia in this respect.
Across a shorter period, Lower Plenty, 3093 has seen a median price increase of -4.26% over the last quarter.
Vendor discounting in Lower Plenty is giving property investors an average Vendor Discount of around -6.52%. This puts suburb at number 69th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 53.95 days.
The VIC suburb of Lower Plenty, 3093 is in the Banyule local government area.