Property investors who have had real estate in Highett, 3190 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.96%
Highett,3190 was ranked 746 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Highett itself are offering an average vendor discount of -1.40% to real estate investors.
On average over the past year, suburb has had 10.25 sales per month, which equates to 123 per year.
Using the current median advertised rental of $530 and the average annual increase in value of a median property of 10.13%, investors should hope to achieve an overall return of 2.38%
Highett is an average performer in VIC when comparing median price capital growth over the last year. Highett gave property investors a average capital gain figure when compared to the rest of the state, with 2.39%.
If we look at median property appreciation over just the last three months, Highett has given property investors a paper return of 4.63%. This puts Suburb as 55 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Highett itself are offering an average vendor discount of -5.37% to real estate investors.
Often selling an investment property can take time, and in Highett the average time real estate has been on the market is 78.22 days.
With the median price for a house in Highett being $599000 and the advertised rent reaching $395.5 the gross rental yield for property investors calculates out to be 3.43%