Edithvale is in the TOP 10% in VIC when comparing median price capital growth over the last year. Edithvale gave property investors a very good capital gain figure when compared to the rest of the state, with 22.87%.
When looking at the potential capital gains offered to property investors over the last 3 years, Edithvale comes in at number 63th in VIC.
Property investors looking for a bargain in Edithvale should be aiming for at least -6.22% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 5.33 sales per month, which equates to 64 per year.
With the median price for a house in Edithvale being $900000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.60%
Giving property investors a a solid capital gain of 27.28% for the last year, Edithvale, 3196 is the 47th highest performer in Australia in this respect.
Over the longer term, Edithvale has seen property prices show investors a 26.53% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -3.52% to buyers in Edithvale at the moment, which is less than average for the rest of VIC.