Investment property in Hawthorn East has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.20%
Hawthorn East,3123 has offered an average of -2.20% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Hawthorn East should be aiming for at least -3.85% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 143 properties changed hands in Hawthorn East, which puts it as the 175th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $650 and the average annual increase in value of a median property of 8.85%, investors should hope to achieve an overall return of 1.97%
Property investors who have had real estate in Hawthorn East, 3123 should be 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 11.70%
Across a shorter period, Hawthorn East, 3123 has seen a median price increase of 7.82% over the last quarter.
Hawthorn East, 3123 is offering VIC ‘s 149th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Residents and property investors in Hawthorn East have been waiting around 68.4 days to sell a property.
Advertised rents are around the $395 mark per week – giving a return of 3.31% based on the median price in Suburb