If you compare the increase in value of investment property in Norlane, 3214 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.41%.
Over the longer term, Norlane has seen property prices show investors a 9.76% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Norlane is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 167th in terms of most discounted suburbs in VIC
VIC has seen average median house prices change by 3.56% which means that Norlane, 3214 has done well for property investors by showing a capital gain of 8.97% over the last year
Across a shorter period, Norlane, 3214 has seen a median price increase of 2.75% over the last quarter.
Property investors looking for a bargain in Norlane should be aiming for at least -7.70% off the asking price, which is the average vendor discount being achieved at the moment.