At number 291th in the list of Australian suburbs ordered by increase in median house value over the last year, Highett, 3190 is in the top 10% with a property value increase of 18.97% recorded in median house prices.
The five-year average increase in median property values for Highett,3190 has given property investors a potential capital gain of 66.90% across each of those five years.
Property investors looking for a bargain in Highett should be aiming for at least -1.40% off the asking price, which is the average vendor discount being achieved at the moment.
With a capital gain of -0.84% for the last 12 months, Highett, 3190 has performed for property investments than its average annual 5.93% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Highett has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Highett, 3190. Typically our figures indicate that -4.44% is being offered, which puts this VIC suburb at 956th most discounted overall in Australia.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.