At number 2257th in the list of Australian suburbs ordered by increase in median house value over the last year, Drysdale, 3222 is in the BOTTOM 50% with a property value increase of 3.45% recorded in median house prices.
Across a shorter period, Drysdale, 3222 has seen a median price increase of 2.63% 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 Drysdale, 3222. Typically our figures indicate that -6.04% is being offered, which puts this VIC suburb at 1838th most discounted overall in Australia.
Often selling an investment property can take time, and in Drysdale the average time real estate has been on the market is 112.79 days.
Using the current median advertised rental of $315 and the average annual increase in value of a median property of 4.67%, investors should hope to achieve an overall return of 4.20%
Property investors who have had real estate in Drysdale, 3222 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.16%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drysdale has increased when compared to the 5 year average annual rate.
Property buyers and investors in Drysdale 3222 should be seeing an average reduction in asking price of around -5.77% . This means that Drysdale is holding prices well when compared to other suburbs in VIC.
In the last year 31 properties changed hands in Drysdale, which puts it as the 251th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Drysdale being $297000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.73%