Property investors who have had real estate in Edithvale, 3196 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 23.92%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Edithvale has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Edithvale should be aiming for at least -7.90% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $450 and the average annual increase in value of a median property of 9.60%, investors should hope to achieve an overall return of 2.51%
Giving property investors a a solid capital gain of 28.42% for the last year, Edithvale, 3196 is the 49th highest performer in Australia in this respect.
While Edithvale,3196 ranked number 44th in VIC for increase in median house value (annualised) increase, it is ranked 63th over the last 5 years.
At number 325th of VIC’s most discounted properties, Edithvale is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Edithvale, 3196’s gross rental yield is 3.15%