With a capital gain of 17.36% for the last 12 months, St Leonards, 3223 has performed for property investments than its average annual 5.20% property growth over the last 5 years.
Over the longer term, St Leonards has seen property prices show investors a 22.46% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that St Leonards is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 115th in terms of most discounted suburbs in VIC
In the last year 109 properties changed hands in St Leonards, which puts it as the 236th most active market in VIC when comparing the number of sales per suburb.
St Leonards, 3223’s gross rental yield is 3.60%
Investment property in St Leonards has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -16.55%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in St Leonards has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -3.42% to buyers in St Leonards at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $3240 per annum or $270 every week.