Bulleen is in the bottom 30% in VIC when comparing median price capital growth over the last year. Bulleen gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.23%.
While Bulleen,3105 ranked number 256th in VIC for increase in median house value (annualised) increase, it is ranked 57th over the last 5 years.
Property investors looking for a bargain in Bulleen should be aiming for at least -7.70% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $450 mark per week – giving a return of 2.06% based on the median price in Suburb
Investment property in Bulleen has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.94%
Taking the average capital gain, or increase in median house value, Bulleen,3105 has racked up an average of 8.94% over the period. This ranks it number 458th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Bulleen is giving property investors an average Vendor Discount of around -5.93%. This puts suburb at number 90th in VIC when ranking the most discounted suburbs.
At number 256 in a list of fastest selling suburbs, Bulleen is in the TOP 20% of suburbs in Australia with an average of days on market 51.94 for properties listed there.
Property investors should expect to get $380 weekly from the median priced house in this suburb.