Property value increases in Glen Waverley have tracked lower than the VIC average of 8.12% over the last 12 months.
While Glen Waverley,3150 ranked number 512th in VIC for increase in median house value (annualised) increase, it is ranked 15th over the last 5 years.
Vendor discounting in Glen Waverley is giving property investors an average Vendor Discount of around -8.75%. This puts suburb at number 81th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Glen Waverley the average time real estate has been on the market is 100.13 days.
Using the current median advertised rental of $475 and the average annual increase in value of a median property of 11.08%, investors should hope to achieve an overall return of 2.01%
Property investors who have had real estate in Glen Waverley, 3150 should be 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 -14.65%
The five-year average increase in median property values for Glen Waverley,3150 has given property investors a potential capital gain of 34.00% across each of those five years.
The most recent median price for Glen Waverley is $670000, with sellers offering an average of -3.95% off the asking price.
On average over the past year, suburb has had 16.42 sales per month, which equates to 197 per year.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.36%, investors should hope to achieve an overall return of 3.34%