Property investors who have had real estate in Glen Waverley, 3150 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.50%
The five-year average increase in median property values for Glen Waverley,3150 has given property investors a potential capital gain of 64.37% across each of those five years.
Sellers are offering property buyers an average discount of -9.08% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 39.00 sales per month, which equates to 468 per year.
A $475 per week rent on the median house gives suburb investors a gross yield of circa 2.04%, without taking into account capital value appreciation, which has been averaging out at 10.86%.
Investment property in Glen Waverley 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 -14.29%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Glen Waverley has increased when compared to the 5 year average annual rate.
Glen Waverley, 3150 is offering VIC ‘s 242th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Advertised rents are around the $430 mark per week – giving a return of 3.31% based on the median price in Suburb