Giving property investors a an unimpressive capital gain of 1.24% for the last year, Wendouree, 3355 is the 2656th highest performer in Australia in this respect.
Across a shorter period, Wendouree, 3355 has seen a median price increase of -1.01% over the last quarter.
Our latest figures would indicate that property sellers in Wendouree are currently offering property investors an average price cut of -5.87% below the asking price at the moment.
With the median price for a house in Wendouree being $245000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.52%
Property value increases in Wendouree have tracked lower than the VIC average of 3.63% over the last 12 months.
Wendouree,3355 has offered an average of -3.33% return per annum in house price rises to property investors over the last three years.
Wendouree, 3355 is offering VIC ‘s 192th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
At number 1058 in a list of fastest selling suburbs, Wendouree is in the bottom 30% of suburbs in Australia with an average of days on market 93.68 for properties listed there.
Using the current median advertised rental of $197.5 and the average annual increase in value of a median property of 4.18%, investors should hope to achieve an overall return of 4.43%