VIC has seen average median house prices change by 8.06% which means that Glen Waverley, 3150 has done well for property investors by showing a capital gain of -2.03% over the last year
Glen Waverley,3150 was ranked 2276 in Australia by increase in median property value over the quarter.
Vendor discounting in Glen Waverley is giving property investors an average Vendor Discount of around -8.73%. 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 98.63 days.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 11.10%, investors should hope to achieve an overall return of 1.99%
Over the last year, property investments in Glen Waverley, 3150 have given investors a capital gain of -18.13%. This compares very badly with the 3.11% 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 Glen Waverley has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.80% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.