If you compare the increase in value of investment property in Aspendale, 3195 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 12.93%.
The five-year average increase in median property values for Aspendale,3195 has given property investors a potential capital gain of 47.64% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Aspendale is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 614th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Aspendale the average time real estate has been on the market is 54.86 days.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 8.89%.
Over the last year, property investments in Aspendale, 3195 have given investors a capital gain of 7.99%. This compares favourably with the 4.26% for VIC as a whole.
If we look at median property appreciation over just the last three months, Aspendale has given property investors a paper return of -1.39%. This puts Suburb as 285 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Aspendale is giving property investors an average Vendor Discount of around -5.35%. This puts suburb at number 133th in VIC when ranking the most discounted suburbs.
The VIC suburb of Aspendale, 3195 is in the Kingston local government area.