Alfredton is in the TOP 30% in VIC when comparing median price capital growth over the last year. Alfredton gave property investors a good capital gain figure when compared to the rest of the state, with 14.49%.
While Alfredton,3350 ranked number 182th in VIC for increase in median house value (annualised) increase, it is ranked 462th over the last 5 years.
At number 426th of VIC’s most discounted properties, Alfredton is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 207 properties changed hands in Alfredton, which puts it as the 114th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Alfredton being $395000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.21%
Giving property investors a an unimpressive capital gain of -4.04% for the last year, Alfredton, 3350 is the 1360th highest performer in Australia in this respect.
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.
Sellers are offering property buyers an average discount of -7.05% to buyers in Alfredton at the moment, which is less than average for the rest of VIC.
A $260 per week rent on the median house gives suburb investors a gross yield of circa 4.94%, without taking into account capital value appreciation, which has been averaging out at 7.61%.