With a capital gain of 10.29% for the last 12 months, Alfredton, 3350 has performed for property investments than its average annual 2.39% property growth over the last 5 years.
While Alfredton,3350 ranked number 263th in VIC for increase in median house value (annualised) increase, it is ranked 481th 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 -6.04% offered to property buyers. Sellers in Alfredton itself are offering an average vendor discount of -5.56% to real estate investors.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 2.39%, investors should hope to achieve an overall return of 4.44%
Over the last year, property investments in Alfredton, 3350 have given investors a capital gain of 22.84%. This compares very favourably with the 3.19% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Alfredton,3350 has racked up an average of 22.84% over the period. This ranks it number 42th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Alfredton is $285000, with sellers offering an average of -8.01% off the asking price.
Alfredton is 131th on a list of best yielding suburbs for rents in VIC with a 4.65% return