Property investors who have had real estate in Highton, 3216 should be relatively 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 9.25%
Across a shorter period, Highton, 3216 has seen a median price increase of 4.08% over the last quarter.
The most recent median price for Highton is $555000, with sellers offering an average of -5.37% off the asking price.
With the median price for a house in Highton being $555000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.56%
Investment property in Highton has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.54%
Highton,3216 was ranked 1425 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.60% to buyers in Highton at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of 3.26%, investors should hope to achieve an overall return of 4.82%