Property investors who have had real estate in Malvern East, 3145 should be ok 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 7.52%
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.
Vendor discounting in Malvern East is giving property investors an average Vendor Discount of around -7.86%. This puts suburb at number 76th in VIC when ranking the most discounted suburbs.
In the last year 223 properties changed hands in Malvern East, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.
A $600 per week rent on the median house gives suburb investors a gross yield of circa 1.73%, without taking into account capital value appreciation, which has been averaging out at 8.70%.
Investment property in Malvern East has done 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 -6.95%
Malvern East,3145 has offered an average of -6.95% return per annum in house price rises to property investors over the last three years.
Malvern East, 3145 is offering VIC ‘s 80th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
At number 502 in a list of fastest selling suburbs, Malvern East is in the TOP 40% of suburbs in Australia with an average of days on market 61.06 for properties listed there.
Advertised rents are around the $380 mark per week – giving a return of 3.60% based on the median price in Suburb