Property value increases in Lower Plenty have tracked higher than the VIC average of 11.00% over the last 12 months.
Comparing Lower Plenty,3093 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Lower Plenty is giving property investors an average Vendor Discount of around -6.11%. This puts suburb at number 163th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 5.95%, investors should hope to achieve an overall return of 2.19%
Lower Plenty is in the TOP 20% in VIC when comparing median price capital growth over the last year. Lower Plenty gave property investors a very good capital gain figure when compared to the rest of the state, with 17.39%.
Lower Plenty,3093 was ranked 835 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -6.68% to buyers in Lower Plenty at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $4140 per annum or $345 every week.