Highton has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.75% to date .
Taking the average capital gain, or increase in median house value, Highton,3216 has racked up an average of 11.75% over the period. This ranks it number 2175th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Highton are currently offering property investors an average price cut of -5.89% below the asking price at the moment.
Situated 69.24km from the CBD, Highton is one of Greater Geelong localities in the postcode 3216.
With a capital gain of -10.11% for the last 12 months, Highton, 3216 has performed for property investments than its average annual 3.14% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Highton has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Highton is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in VIC