Lower Plenty has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 25.00% to date .
The five-year average increase in median property values for Lower Plenty,3093 has given property investors a potential capital gain of 56.51% across each of those five years.
Lower Plenty, 3093 is offering VIC ‘s 86th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Renters in Suburb are facing rents around $5220 per annum or $435 every week.
Property value increases in Lower Plenty have tracked higher than the VIC average of 4.28% over the last 12 months.
While Lower Plenty,3093 ranked number 144th in VIC for increase in median house value (annualised) increase, it is ranked 23th over the last 5 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 -5.35% is being offered, which puts this VIC suburb at 651th most discounted overall in Australia.
Advertised rents are around the $345 mark per week – giving a return of 3.26% based on the median price in Suburb