Property investors who have had real estate in Hamilton, 3300 should be relatively 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 -1.20%
Across a shorter period, Hamilton, 3300 has seen a median price increase of -4.65% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Hamilton is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 95th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 0.95%, investors should hope to achieve an overall return of 6.34%
At number 1355th in the list of Australian suburbs ordered by increase in median house value over the last year, Hamilton, 3300 is in the BOTTOM 30% with a property value increase of -3.98% recorded in median house prices.
Hamilton,3300 has offered an average of -3.98% return per annum in house price rises to property investors over the last three years.
A $200 per week rent on the median house gives suburb investors a gross yield of circa 5.39%, without taking into account capital value appreciation, which has been averaging out at -2.50%.