Investment property in Boronia has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.14%
Taking the average capital gain, or increase in median house value, Boronia,3155 has racked up an average of 7.14% over the period. This ranks it number 932th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Boronia should be aiming for at least -5.76% off the asking price, which is the average vendor discount being achieved at the moment.
At number 233 in a list of fastest selling suburbs, Boronia is in the TOP 10% of suburbs in Australia with an average of days on market 41.28 for properties listed there.
The VIC suburb of Boronia, 3155 is in the Knox local government area.
VIC has seen average median house prices change by 3.63% which means that Boronia, 3155 has done well for property investors by showing a capital gain of 8.33% over the last year
A 22.97% growth in median value for property investors in Boronia,3155 puts this suburb at number 85th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Boronia are currently offering property investors an average price cut of -2.57% below the asking price at the moment.
Often selling an investment property can take time, and in Boronia the average time real estate has been on the market is 45.8 days.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.24%, investors should hope to achieve an overall return of 4.00%