Property investors who have had real estate in Alfredton, 3350 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.93%
When looking at the potential capital gains offered to property investors over the last 3 years, Alfredton comes in at number 601th in VIC.
Alfredton3350 is located in VIC which offers an average discount of -6.00% to property investors. Alfredton itself is showing figures that indicate -5.51% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 16.75 sales per month, which equates to 201 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.06%, investors should hope to achieve an overall return of 4.47%
Investment property in Alfredton 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 -5.36%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Alfredton has fallen somewhat when compared to the 5 year average annual rate.
Property investors looking for a bargain in Alfredton should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $245 and the average annual increase in value of a median property of 6.66%, investors should hope to achieve an overall return of 4.81%