Wheelers Hill is in the bottom 40% in VIC when comparing median price capital growth over the last year. Wheelers Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.27%.
If we look at median property appreciation over just the last three months, Wheelers Hill has given property investors a paper return of 0.40%. This puts Suburb as 427 on a list of fastest fasting appreciating suburbs in VIC
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 Wheelers Hill itself are offering an average vendor discount of -5.31% to real estate investors.
In the last year 210 properties changed hands in Wheelers Hill, which puts it as the 105th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $475 mark per week – giving a return of 2.47% based on the median price in Suburb
Property investors who have had real estate in Wheelers Hill, 3150 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 10.96%
While Wheelers Hill,3150 ranked number 11th in VIC for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.11%, without taking into account capital value appreciation, which has been averaging out at 8.88%.