With a capital gain of 9.25% for the last 12 months, Malvern East, 3145 has performed for property investments than its average annual 9.68% property growth over the last 5 years.
While Malvern East,3145 ranked number 390th in VIC for increase in median house value (annualised) increase, it is ranked 68th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Malvern East itself are offering an average vendor discount of -12.35% to real estate investors.
Residents and property investors in Malvern East have been waiting around 53.94 days to sell a property.
With the median price for a house in Malvern East being $1628888 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 1.85%
Property investors who have had real estate in Malvern East, 3145 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.43%
A 17.39% growth in median value for property investors in Malvern East,3145 puts this suburb at number 258th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Malvern East are currently offering property investors an average price cut of -5.32% below the asking price at the moment.
With the median price for a house in Malvern East being $585500 and the advertised rent reaching $369 the gross rental yield for property investors calculates out to be 3.28%