Edithvale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 28.18% to date .
Comparing Edithvale,3196 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Edithvale should be aiming for at least -3.40% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $440 mark per week – giving a return of 2.70% based on the median price in Suburb
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 19.58%
Taking the average capital gain, or increase in median house value, Edithvale,3196 has racked up an average of 19.58% over the period. This ranks it number 646th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Edithvale 3196 should be seeing an average reduction in asking price of around -3.32% . This means that Edithvale is holding prices well when compared to other suburbs in VIC.
At number 499 in a list of fastest selling suburbs, Edithvale is in the TOP 40% of suburbs in Australia with an average of days on market 63.14 for properties listed there.
Edithvale, 3196’s gross rental yield is 3.65%