Over the last year, property investments in Lower Plenty, 3093 have given investors a capital gain of 24.34%. This compares very favourably with the 10.43% for VIC as a whole.
A 58.16% growth in median value for property investors in Lower Plenty,3093 puts this suburb at number 258th in terms of best performing suburbs in VIC
Lower Plenty, 3093 is offering VIC ‘s 91th 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.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
At number 243th in the list of Australian suburbs ordered by increase in median house value over the last year, Lower Plenty, 3093 is in the top 20% with a property value increase of 16.05% recorded in median house prices.
The five-year average increase in median property values for Lower Plenty,3093 has given property investors a potential capital gain of 47.93% across each of those five years.
Vendor discounting in Lower Plenty is giving property investors an average Vendor Discount of around -7.55%. This puts suburb at number 22th in VIC when ranking the most discounted suburbs.
A $345 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 8.66%.