Bonbeach has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.21% to date .
A 48.74% growth in median value for property investors in Bonbeach,3196 puts this suburb at number 58th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Bonbeach should be aiming for at least -3.96% off the asking price, which is the average vendor discount being achieved at the moment.
At number 328 in a list of fastest selling suburbs, Bonbeach is in the TOP 10% of suburbs in Australia with an average of days on market 43.83 for properties listed there.
Situated 30.84km from the CBD, Bonbeach is one of Kingston localities in the postcode 3196.
If you compare the increase in value of investment property in Bonbeach, 3196 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 15.00%.
When looking at the potential capital gains offered to property investors over the last 3 years, Bonbeach comes in at number 148th in VIC.
Bonbeach, 3196 is offering VIC ‘s 274th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
At number 182 in a list of fastest selling suburbs, Bonbeach is in the TOP 20% of suburbs in Australia with an average of days on market 46.14 for properties listed there.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.48%, investors should hope to achieve an overall return of 3.52%