Over the last year, property investments in Highton, 3216 have given investors a capital gain of 5.19%. This compares badly with the 8.23% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Highton,3216 has racked up an average of 5.19% over the period. This ranks it number 2439th 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 -5.99% offered to property buyers. Sellers in Highton itself are offering an average vendor discount of -5.44% to real estate investors.
At number 1456 in a list of fastest selling suburbs, Highton is in the TOP 40% of suburbs in Australia with an average of days on market 68.8 for properties listed there.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 3.69%, without taking into account capital value appreciation, which has been averaging out at 4.89%.
Highton has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.03% to date .
Highton,3216 was ranked 1464 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Highton are currently offering property investors an average price cut of -5.51% below the asking price at the moment.
Residents and property investors in Highton have been waiting around 88 days to sell a property.
Highton is 164th on a list of best yielding suburbs for rents in VIC with a 4.36% return