VIC has seen average median house prices change by 11.00% which means that Templestowe Lower, 3107 has done well for property investors by showing a capital gain of 9.84% over the last year
While Templestowe Lower,3107 ranked number 268th in VIC for increase in median house value (annualised) increase, it is ranked 47th over the last 5 years.
Templestowe Lower, 3107 is offering VIC ‘s 519th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
With the median price for a house in Templestowe Lower being $1186250 and the advertised rent reaching $505 the gross rental yield for property investors calculates out to be 2.21%
Over the last year, property investments in Templestowe Lower, 3107 have given investors a capital gain of 0.00%. This compares badly with the 5.66% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Templestowe Lower,3107 has racked up an average of 0.00% over the period. This ranks it number 359th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Templestowe Lower itself are offering an average vendor discount of -5.59% to real estate investors.
Often selling an investment property can take time, and in Templestowe Lower the average time real estate has been on the market is 72.35 days.