VIC has seen average median house prices change by 7.80% which means that Upwey, 3158 has done well for property investors by showing a capital gain of 6.60% over the last year
A 30.33% growth in median value for property investors in Upwey,3158 puts this suburb at number 417th in terms of best performing suburbs in VIC
Upwey, 3158 is offering VIC ‘s 437th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
At number 230 in a list of fastest selling suburbs, Upwey is in the TOP 10% of suburbs in Australia with an average of days on market 41.21 for properties listed there.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 6.61%, investors should hope to achieve an overall return of 3.77%
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