Over the last year, property investments in Horsham, 3400 have given investors a capital gain of 4.17%. This compares badly with the 9.78% for VIC as a whole.
Comparing Horsham,3400 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Horsham should be aiming for at least -5.73% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 20.50 sales per month, which equates to 246 per year.
A $265 per week rent on the median house gives suburb investors a gross yield of circa 5.51%, without taking into account capital value appreciation, which has been averaging out at 3.69%.
Property investors who have had real estate in Horsham, 3400 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.83%
Horsham,3400 has offered an average of -6.83% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Horsham is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 158th in terms of most discounted suburbs in VIC
In the last year 34 properties changed hands in Horsham, which puts it as the 242th most active market in VIC when comparing the number of sales per suburb.
The VIC suburb of Horsham, 3400 is in the Horsham local government area.