Investment property in Nunawading has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 15.24%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nunawading has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Nunawading itself are offering an average vendor discount of -3.84% to real estate investors.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.46%, investors should hope to achieve an overall return of 2.31%
VIC has seen average median house prices change by 4.09% which means that Nunawading, 3131 has done well for property investors by showing a capital gain of 3.91% over the last year
Over the longer term, Nunawading has seen property prices show investors a 39.60% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Nunawading should be aiming for at least -3.26% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Nunawading have been waiting around 54.62 days to sell a property.
The VIC suburb of Nunawading, 3131 is in the Whitehorse local government area.