If you compare the increase in value of investment property in St Leonards, 3223 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.67%.
While St Leonards,3223 ranked number 412th in VIC for increase in median house value (annualised) increase, it is ranked 533th over the last 5 years.
Vendor discounting in St Leonards is giving property investors an average Vendor Discount of around -7.04%. This puts suburb at number 160th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 9.75 sales per month, which equates to 117 per year.
The VIC suburb of St Leonards, 3223 is in the Greater Geelong local government area.
At number 1685th in the list of Australian suburbs ordered by increase in median house value over the last year, St Leonards, 3223 is in the BOTTOM 10% with a property value increase of -18.95% recorded in median house prices.
Taking the average capital gain, or increase in median house value, St Leonards,3223 has racked up an average of -18.95% over the period. This ranks it number 1237th in the whole country for real estate investors looking at median house price increases.
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 St Leonards, 3223. Typically our figures indicate that -3.72% is being offered, which puts this VIC suburb at 1155th most discounted overall in Australia.
With the median price for a house in St Leonards being $310000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 4.78%