Property investors who have had real estate in Mount Clear, 3350 should be relatively unhappy 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 1.86%
Comparing Mount Clear,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Mount Clear 3350 should be seeing an average reduction in asking price of around -4.73% . This means that Mount Clear is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Mount Clear the average time real estate has been on the market is 79.03 days.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 5.07%, without taking into account capital value appreciation, which has been averaging out at 3.78%.
Investment property in Mount Clear has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.47%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mount Clear has fallen somewhat when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Mount Clear are currently offering property investors an average price cut of -8.89% below the asking price at the moment.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.