Over the last year, property investments in Norlane, 3214 have given investors a capital gain of 1.82%. This compares badly with the 7.80% for VIC as a whole.
The five-year average increase in median property values for Norlane,3214 has given property investors a potential capital gain of 10.62% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Norlane is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 189th in terms of most discounted suburbs in VIC
With the median price for a house in Norlane being $224000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 5.57%
Giving property investors a an average capital gain of 3.21% for the last year, Norlane, 3214 is the 846th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Norlane,3214 has racked up an average of 3.21% over the period. This ranks it number 1245th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Norlane itself are offering an average vendor discount of -7.58% to real estate investors.
Property investors should expect to get $250 weekly from the median priced house in this suburb.