VIC has seen average median house prices change by 7.68% which means that Upwey, 3158 has done well for property investors by showing a capital gain of 9.71% over the last year
If we look at median property appreciation over just the last three months, Upwey has given property investors a paper return of 5.02%. This puts Suburb as 125 on a list of fastest fasting appreciating suburbs in VIC
Upwey, 3158 is offering VIC ‘s 251th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
In the last year 106 properties changed hands in Upwey, which puts it as the 240th most active market in VIC when comparing the number of sales per suburb.
Upwey, 3158’s gross rental yield is 3.82%
Upwey is situated approx 32km from Melbourne and was originally known as “Mast Gully” as several masts were cut down for ships in the 1850s. Upweys population is approx 6,700 made up of both young people and retirees.Full summary
Information supplied by:
Harcourts Essential Real Estate
Upwey is situated approx 32km from Melbourne and was originally known as “Mast Gully” as several masts were cut down for ships in the 1850s. Upweys population is approx 6,700 made up of both young people and retirees.
Excellent lifestyle, numerous parks and attractions, good community schools and public transport.
Most sought-after properties:
Contemporary homes mixed with character cottages and timber homes
Most common properties:
Quaint timber cottages
Parks, gardens gymnasium, cafes and retailshops, public reserves and walking tracks through the forest.
Local industry and business:
Primarily tourist and retail businesses
Numerous new businesses opening to cater for the tourist trade.
Glenfern road, Kooringal road, bayview avenue, morris rd, mahony st.
Public transport: buses, trains
Main arteries: Glenfern rd, Wellington rd with direct access to eastlink and monash freeway