Investment property in Heywood 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 -10.40%
While Heywood,3304 ranked number 23th in VIC for increase in median house value (annualised) increase, it is ranked 623th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Heywood itself are offering an average vendor discount of -9.78% to real estate investors.
At number 3276 in a list of fastest selling suburbs, Heywood is in the bottom 20% of suburbs in Australia with an average of days on market 126 for properties listed there.
Using the current median advertised rental of $200 and the average annual increase in value of a median property of -0.45%, investors should hope to achieve an overall return of 6.71%