Giving property investors a an average capital gain of 5.00% for the last year, Wheelers Hill, 3150 is the 2077th highest performer in Australia in this respect.
Wheelers Hill,3150 has offered an average of 5.00% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Wheelers Hill should be aiming for at least -4.79% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 209 properties changed hands in Wheelers Hill, which puts it as the 113th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 8.64%, investors should hope to achieve an overall return of 2.38%
Investment property in Wheelers Hill has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.74%
Situated 22.39km from the CBD, Wheelers Hill is one of Monash localities in the postcode 3150.