Breakwater, 3219 ranked 476th in VIC when comparing growth in median property values or capital gain over the last 12 months. Breakwater is one of 2098 in our list for VIC
Across a shorter period, Breakwater, 3219 has seen a median price increase of 1.00% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Breakwater, 3219. Typically our figures indicate that -4.83% is being offered, which puts this VIC suburb at 2677th most discounted overall in Australia.
Residents and property investors in Breakwater have been waiting around 66.64 days to sell a property.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.34%, investors should hope to achieve an overall return of 5.62%
In the last year 11 properties changed hands in Breakwater, which puts it as the 372th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Breakwater being $310000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 4.19%