Lower Plenty has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.44% to date .
Lower Plenty,3093 was ranked 462 in Australia by increase in median property value over the quarter.
Lower Plenty3093 is located in VIC which offers an average discount of -6.04% to property investors. Lower Plenty itself is showing figures that indicate -7.69% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
Situated 16.66km from the CBD, Lower Plenty is one of Banyule localities in the postcode 3093.
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 -4.86%.
While Lower Plenty,3093 ranked number 302th in VIC for increase in median house value (annualised) increase, it is ranked 102th over the last 5 years.
Property investors looking for a bargain in Lower Plenty should be aiming for at least -7.09% off the asking price, which is the average vendor discount being achieved at the moment.
At number 440 in a list of fastest selling suburbs, Lower Plenty is in the TOP 30% of suburbs in Australia with an average of days on market 60.13 for properties listed there.