VIC has seen average median house prices change by 11.00% which means that Queenscliff, 3225 has done well for property investors by showing a capital gain of 8.06% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Queenscliff has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Queenscliff itself are offering an average vendor discount of -3.95% to real estate investors.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 3.47%, investors should hope to achieve an overall return of 2.40%
Queenscliff is in the bottom 10% in VIC when comparing median price capital growth over the last year. Queenscliff gave property investors a dismal capital gain figure when compared to the rest of the state, with -10.93%.