At number 2508th in the list of Australian suburbs ordered by increase in median house value over the last year, Wheelers Hill, 3150 is in the BOTTOM 50% with a property value increase of 2.50% recorded in median house prices.
Over the longer term, Wheelers Hill has seen property prices show investors a 36.58% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Wheelers Hill 3150 should be seeing an average reduction in asking price of around -5.24% . This means that Wheelers Hill is holding prices well when compared to other suburbs in VIC.
At number 1119 in a list of fastest selling suburbs, Wheelers Hill is in the TOP 30% of suburbs in Australia with an average of days on market 64.01 for properties listed there.
A $480 per week rent on the median house gives suburb investors a gross yield of circa 2.44%, without taking into account capital value appreciation, which has been averaging out at 8.42%.
Property investors who have had real estate in Wheelers Hill, 3150 should be 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 17.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wheelers Hill has increased when compared to the 5 year average annual rate.
Property investors should expect to get $427.5 weekly from the median priced house in this suburb.