Over the last year, property investments in Lower Plenty, 3093 have given investors a capital gain of 21.57%. This compares very favourably with the 8.27% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Lower Plenty comes in at number 222th in VIC.
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 -7.62% is being offered, which puts this VIC suburb at 969th most discounted overall in Australia.
With the median price for a house in Lower Plenty being $905000 and the advertised rent reaching $497.5 the gross rental yield for property investors calculates out to be 2.86%
VIC has seen average median house prices change by 3.49% which means that Lower Plenty, 3093 has done well for property investors by showing a capital gain of 9.09% over the last year
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Lower Plenty itself are offering an average vendor discount of -6.52% to real estate investors.
Often selling an investment property can take time, and in Lower Plenty the average time real estate has been on the market is 55.65 days.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.