Property value increases in Wendouree have tracked lower than the VIC average of 8.96% over the last 12 months.
If we look at median property appreciation over just the last three months, Wendouree has given property investors a paper return of 0.92%. This puts Suburb as 470 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Wendouree itself are offering an average vendor discount of -6.34% to real estate investors.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 3.04%, investors should hope to achieve an overall return of 5.47%
Over the last year, property investments in Wendouree, 3355 have given investors a capital gain of 19.57%. This compares very favourably with the 4.26% for VIC as a whole.
A 20.88% growth in median value for property investors in Wendouree,3355 puts this suburb at number 94th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Wendouree are currently offering property investors an average price cut of -4.17% below the asking price at the moment.
Residents and property investors in Wendouree have been waiting around 69.64 days to sell a property.
Renters in Suburb are facing rents around $2520 per annum or $210 every week.