Property value increases in Romsey have tracked just lower than the VIC average of 8.06% over the last 12 months.
Romsey,3434 was ranked 1279 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Romsey itself are offering an average vendor discount of -5.87% to real estate investors.
Romsey is 246th on a list of best yielding suburbs for rents in VIC with a 4.09% return
Romsey has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.06% to date .
Comparing Romsey,3434 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
With the median price for a house in Romsey being $322000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.17%