If you compare the increase in value of investment property in Mount Waverley, 3149 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 -0.04%.
Over the longer term, Mount Waverley has seen property prices show investors a 54.45% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Mount Waverley should be aiming for at least -9.37% off the asking price, which is the average vendor discount being achieved at the moment.
A $470 per week rent on the median house gives suburb investors a gross yield of circa 1.97%, without taking into account capital value appreciation, which has been averaging out at 11.23%.
Mount Waverley has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.27% to date .
Mount Waverley,3149 has offered an average of 1.27% return per annum in house price rises to property investors over the last three years.
Mount Waverley3149 is located in VIC which offers an average discount of -5.14% to property investors. Mount Waverley itself is showing figures that indicate -3.96% is the average achievable by property buyers investing in the suburb.
At number 466 in a list of fastest selling suburbs, Mount Waverley is in the TOP 40% of suburbs in Australia with an average of days on market 62.85 for properties listed there.
With the median price for a house in Mount Waverley being $800000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 2.80%