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 21.54%
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 -6.22% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 62 properties changed hands in Edithvale, which puts it as the 375th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Edithvale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 19.95% to date .
Over the longer term, Edithvale has seen property prices show investors a 21.68% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Edithvale is giving property investors an average Vendor Discount of around -3.51%. This puts suburb at number 267th in VIC when ranking the most discounted suburbs.
Edithvale is 295th on a list of best yielding suburbs for rents in VIC with a 3.42% return