At number 1256th in the list of Australian suburbs ordered by increase in median house value over the last year, Breakwater, 3219 is in the top 30% with a property value increase of 10.91% recorded in median house prices.
Comparing Breakwater,3219 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Breakwater3219 is located in VIC which offers an average discount of -5.71% to property investors. Breakwater itself is showing figures that indicate -5.08% is the average achievable by property buyers investing in the suburb.
Breakwater, 3219’s gross rental yield is 5.11%
Over the last year, property investments in Breakwater, 3219 have given investors a capital gain of 4.30%. This compares averagely with the 4.83% for VIC as a whole.
Across a shorter period, Breakwater, 3219 has seen a median price increase of 1.61% over the last quarter.
Property investors looking for a bargain in Breakwater should be aiming for at least -5.09% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $270 weekly from the median priced house in this suburb.