VIC has seen average median house prices change by 11.00% which means that Maddingley, 3340 has done well for property investors by showing a capital gain of 5.03% over the last year
While Maddingley,3340 ranked number 526th in VIC for increase in median house value (annualised) increase, it is ranked 520th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Maddingley is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 514th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 3.69%, investors should hope to achieve an overall return of 5.13%