With a capital gain of -0.79% for the last 12 months, Mount Waverley, 3149 has performed for property investments than its average annual 11.26% property growth over the last 5 years.
Mount Waverley,3149 has offered an average of -0.79% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Waverley, 3149. Typically our figures indicate that -10.18% is being offered, which puts this VIC suburb at 331th most discounted overall in Australia.
At number 2040 in a list of fastest selling suburbs, Mount Waverley is just in the bottom half of suburbs in Australia with an average of days on market 85.11 for properties listed there.
The VIC suburb of Mount Waverley, 3149 is in the Monash local government area.
Over the last year, property investments in Mount Waverley, 3149 have given investors a capital gain of 1.25%. This compares badly with the 3.49% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Waverley 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 -5.13% offered to property buyers. Sellers in Mount Waverley itself are offering an average vendor discount of -3.41% to real estate investors.
Using the current median advertised rental of $435 and the average annual increase in value of a median property of 8.14%, investors should hope to achieve an overall return of 2.79%