Malvern East is an average performer in VIC when comparing median price capital growth over the last year. Malvern East gave property investors a average capital gain figure when compared to the rest of the state, with 9.61%.
Malvern East,3145 has offered an average of 9.61% return per annum in house price rises to property investors over the last three years.
Malvern East, 3145 is offering VIC ‘s 102th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
In the last year 238 properties changed hands in Malvern East, which puts it as the 88th most active market in VIC when comparing the number of sales per suburb.
A $595 per week rent on the median house gives suburb investors a gross yield of circa 1.81%, without taking into account capital value appreciation, which has been averaging out at 9.67%.
If you compare the increase in value of investment property in Malvern East, 3145 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.29%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Malvern East has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Malvern East is offering property investors an average of -5.08. This rate of discount on properties puts Suburb at number 252th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 6.53%, investors should hope to achieve an overall return of 3.26%