At number 3002th in the list of Australian suburbs ordered by increase in median house value over the last year, Flora Hill, 3550 is in the BOTTOM 30% with a property value increase of -1.38% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Flora Hill,3550 has racked up an average of -1.38% over the period. This ranks it number 2908th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Flora Hill is $321500, with sellers offering an average of -6.38% off the asking price.
On average over the past year, suburb has had 5.75 sales per month, which equates to 69 per year.
Property investors who have had real estate in Flora Hill, 3550 should be pleased 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 11.11%
Property investors looking for a bargain in Flora Hill should be aiming for at least -6.87% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Flora Hill being $250000 and the advertised rent reaching $250 the gross rental yield for property investors calculates out to be 5.20%