If you compare the increase in value of investment property in Rowville, 3178 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.42%.
Taking the average capital gain, or increase in median house value, Rowville,3178 has racked up an average of 8.42% over the period. This ranks it number 992th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Rowville 3178 should be seeing an average reduction in asking price of around -4.32% . This means that Rowville is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 29.42 sales per month, which equates to 353 per year.
With the median price for a house in Rowville being $760050 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.01%
VIC has seen average median house prices change by 3.19% which means that Rowville, 3178 has done well for property investors by showing a capital gain of 12.94% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Rowville comes in at number 134th in VIC.
Our latest figures would indicate that property sellers in Rowville are currently offering property investors an average price cut of -3.16% below the asking price at the moment.
On average over the past year, suburb has had 7.58 sales per month, which equates to 91 per year.
With the median price for a house in Rowville being $480000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.12%