If you compare the increase in value of investment property in Bonbeach, 3196 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 12.70%.
The five-year average increase in median property values for Bonbeach,3196 has given property investors a potential capital gain of 54.21% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Bonbeach itself are offering an average vendor discount of -3.44% to real estate investors.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
Situated 31.16km from the CBD, Bonbeach is one of Kingston localities in the postcode 3196.
With a capital gain of 14.24% for the last 12 months, Bonbeach, 3196 has performed for property investments than its average annual 8.10% property growth over the last 5 years.
Over the longer term, Bonbeach has seen property prices show investors a 17.31% return over the last 3 years. This is worse than over the last 12 months
At number 288th of VIC’s most discounted properties, Bonbeach is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 8.10%, investors should hope to achieve an overall return of 3.34%