Property value increases in Glen Waverley have tracked lower than the VIC average of 7.80% over the last 12 months.
While Glen Waverley,3150 ranked number 631th in VIC for increase in median house value (annualised) increase, it is ranked 19th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Glen Waverley itself are offering an average vendor discount of -8.35% to real estate investors.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 11.11%, investors should hope to achieve an overall return of 2.03%
Glen Waverley, 3150 ranked 356th in VIC when comparing growth in median property values or capital gain over the last 12 months. Glen Waverley is one of 2098 in our list for VIC
When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 89th in VIC.
At number 277th of VIC’s most discounted properties, Glen Waverley is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Glen Waverley have been waiting around 85.4 days to sell a property.
Glen Waverley is 325th on a list of best yielding suburbs for rents in VIC with a 3.21% return