With a capital gain of 3.97% for the last 12 months, Mount Waverley, 3149 has performed for property investments than its average annual 11.17% property growth over the last 5 years.
Mount Waverley,3149 was ranked 1179 in Australia by increase in median property value over the quarter.
The most recent median price for Mount Waverley is $1310000, with sellers offering an average of -8.61% off the asking price.
Residents and property investors in Mount Waverley have been waiting around 81.73 days to sell a property.
Property value increases in Mount Waverley have tracked close to the VIC average of 4.83% over the last 12 months.
Taking the average capital gain, or increase in median house value, Mount Waverley,3149 has racked up an average of 3.43% over the period. This ranks it number 500th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Mount Waverley 3149 should be seeing an average reduction in asking price of around -3.65% . This means that Mount Waverley is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 11.25 sales per month, which equates to 135 per year.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 7.99%, investors should hope to achieve an overall return of 2.76%