Eureka is in the bottom 20% in VIC when comparing median price capital growth over the last year. Eureka gave property investors a dismal capital gain figure when compared to the rest of the state, with 0.94%.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Eureka itself are offering an average vendor discount of -7.03% to real estate investors.
At number 2699 in a list of fastest selling suburbs, Eureka is in the bottom 30% of suburbs in Australia with an average of days on market 102.38 for properties listed there.
With the median price for a house in Eureka being $267500 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 5.44%