Diggers Rest has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 30.16% to date .
Diggers Rest,3427 has offered an average of 30.16% return per annum in house price rises to property investors over the last three years.
Diggers Rest, 3427 is offering VIC ‘s 110th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
At number 86 in a list of fastest selling suburbs, Diggers Rest is in the TOP 10% of suburbs in Australia with an average of days on market 26.91 for properties listed there.
Diggers Rest, 3427’s gross rental yield is 4.19%
Roughly a 30-minute drive northwest of Melbourne lies the suburb of Diggers Rest. Once known for being a stop on the way to the Sunbury Pop Festival in the 1970s, it is now a consistently growing area with room for both work and play.Full summary
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Sunbury neighbour a bargain for house hunters
Median house price: $350,250
Three-year growth: 23.98%
Rental yield: 4.90%
Roughly a 30-minute drive northwest of Melbourne lies the suburb of Diggers Rest. Once known for being a stop on the way to the Sunbury Pop Festival in the 1970s, it is now a consistently growing area with room for both work and play.
The suburb is home to amenities like a primary school and several huge recreation reserves. It is also highly accessible, being near the Calder Freeway and housing a railway station.
Diggers Rest has exhibited a significant price boost of over 23% for houses over the past 12 months, with the recent March 2017 quarter logging nearly 11% growth. Despite this hike, houses are still affordable at just over $350,000 – a bargain especially considering its relative proximity to the CBD. Investors also enjoy high yields of 4.9%, while vendors see properties on the market snapped up very quickly. Thus, buyers should move fast to get a foothold here.Close