Giving property investors a an average capital gain of 3.93% for the last year, Breakwater, 3219 is the 2204th highest performer in Australia in this respect.
Breakwater,3219 was ranked 3973 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Breakwater is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 316th in terms of most discounted suburbs in VIC
Residents and property investors in Breakwater have been waiting around 57.78 days to sell a property.
With the median price for a house in Breakwater being $278000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.61%
At number 1190th in the list of Australian suburbs ordered by increase in median house value over the last year, Breakwater, 3219 is in the BOTTOM 40% with a property value increase of -1.16% recorded in median house prices.
If we look at median property appreciation over just the last three months, Breakwater has given property investors a paper return of -3.71%. This puts Suburb as 337 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Breakwater is $298500, with sellers offering an average of -5.10% off the asking price.
On average over the past year, suburb has had 0.83 sales per month, which equates to 10 per year.
Renters in Suburb are facing rents around $3180 per annum or $265 every week.