With a capital gain of 9.75% for the last 12 months, Upwey, 3158 has performed for property investments than its average annual 6.75% property growth over the last 5 years.
Upwey,3158 was ranked 1377 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Upwey are currently offering property investors an average price cut of -4.01% below the asking price at the moment.
Residents and property investors in Upwey have been waiting around 38.14 days to sell a property.
Upwey, 3158’s gross rental yield is 3.78%
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