Property investors who have had real estate in Brown Hill, 3350 should be relatively pleased 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 14.21%
A 33.24% growth in median value for property investors in Brown Hill,3350 puts this suburb at number 300th in terms of best performing suburbs in VIC
Brown Hill3350 is located in VIC which offers an average discount of -5.26% to property investors. Brown Hill itself is showing figures that indicate -4.04% is the average achievable by property buyers investing in the suburb.
In the last year 68 properties changed hands in Brown Hill, which puts it as the 366th most active market in VIC when comparing the number of sales per suburb.
Brown Hill, 3350’s gross rental yield is 4.05%
Investment property in Brown Hill has done pretty 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 -3.00%
Across a shorter period, Brown Hill, 3350 has seen a median price increase of 1.04% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.68% offered to property buyers. Sellers in Brown Hill itself are offering an average vendor discount of -5.47% to real estate investors.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 2.93%, investors should hope to achieve an overall return of 5.36%