Investment property in Romsey has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.49%
Taking the average capital gain, or increase in median house value, Romsey,3434 has racked up an average of 5.49% over the period. This ranks it number 2164th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Romsey itself are offering an average vendor discount of -5.81% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.21%, without taking into account capital value appreciation, which has been averaging out at 4.69%.
At number 1054th in the list of Australian suburbs ordered by increase in median house value over the last year, Romsey, 3434 is in the BOTTOM 40% with a property value increase of 0.31% recorded in median house prices.
In the last year 14 properties changed hands in Romsey, which puts it as the 345th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $315 mark per week – giving a return of 5.10% based on the median price in Suburb