Property value increases in Eumemmerring have tracked just higher than the VIC average of 8.96% over the last 12 months.
If we look at median property appreciation over just the last three months, Eumemmerring has given property investors a paper return of 1.83%. This puts Suburb as 372 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Eumemmerring is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 609th in terms of most discounted suburbs in VIC
At number 709 in a list of fastest selling suburbs, Eumemmerring is in the TOP 20% of suburbs in Australia with an average of days on market 54.13 for properties listed there.
Advertised rents are around the $340 mark per week – giving a return of 3.80% based on the median price in Suburb
Property value increases in Eumemmerring have tracked close to the VIC average of 4.26% over the last 12 months.
Taking the average capital gain, or increase in median house value, Eumemmerring,3177 has racked up an average of 3.47% over the period. This ranks it number 886th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Eumemmerring should be aiming for at least -3.86% off the asking price, which is the average vendor discount being achieved at the moment.