Property investors who have had real estate in Bulleen, 3105 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.21%
Taking the average capital gain, or increase in median house value, Bulleen,3105 has racked up an average of 14.21% over the period. This ranks it number 389th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Bulleen should be aiming for at least -8.00% off the asking price, which is the average vendor discount being achieved at the moment.
A $460 per week rent on the median house gives suburb investors a gross yield of circa 1.91%, without taking into account capital value appreciation, which has been averaging out at 9.70%.
Giving property investors a a solid capital gain of 21.09% for the last year, Bulleen, 3105 is the 149th highest performer in Australia in this respect.
The five-year average increase in median property values for Bulleen,3105 has given property investors a potential capital gain of 43.81% across each of those five years.
At number 239th of VIC’s most discounted properties, Bulleen is in the TOP 30% of the state/territory when listing in order of most discounted to least.
In the last year 35 properties changed hands in Bulleen, which puts it as the 235th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $380 weekly from the median priced house in this suburb.