Diggers Rest has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.78% to date .
Taking the average capital gain, or increase in median house value, Diggers Rest,3427 has racked up an average of 6.78% over the period. This ranks it number 2655th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Diggers Rest, 3427. Typically our figures indicate that -14.56% is being offered, which puts this VIC suburb at 63th most discounted overall in Australia.
Situated 31.09km from the CBD, Diggers Rest is one of Melton localities in the postcode 3427.
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