Property value increases in Edithvale have tracked higher than the VIC average of 10.43% over the last 12 months.
Edithvale,3196 was ranked 542 in Australia by increase in median property value over the quarter.
The most recent median price for Edithvale is $1001250, with sellers offering an average of -4.13% off the asking price.
Residents and property investors in Edithvale have been waiting around 32.29 days to sell a property.
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 18.75%
Across a shorter period, Edithvale, 3196 has seen a median price increase of 1.73% over the last quarter.
Property investors looking for a bargain in Edithvale should be aiming for at least -0.57% off the asking price, which is the average vendor discount being achieved at the moment.
A $377.5 per week rent on the median house gives suburb investors a gross yield of circa 3.18%, without taking into account capital value appreciation, which has been averaging out at 6.45%.