Property investors who have had real estate in Romsey, 3434 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.35%
A 19.83% growth in median value for property investors in Romsey,3434 puts this suburb at number 512th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Romsey should be aiming for at least -5.26% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Romsey the average time real estate has been on the market is 88.18 days.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.06%, without taking into account capital value appreciation, which has been averaging out at 5.34%.
Property value increases in Romsey have tracked just lower than the VIC average of 4.26% over the last 12 months.