Over the last year, property investments in Eureka, 3350 have given investors a capital gain of 2.72%. This compares badly with the 9.78% for VIC as a whole.
If we look at median property appreciation over just the last three months, Eureka has given property investors a paper return of -1.12%. This puts Suburb as 613 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Eureka should be aiming for at least -6.97% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $287.5 and the average annual increase in value of a median property of -0.60%, investors should hope to achieve an overall return of 5.65%