Investment property in Flora Hill has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.53%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Flora Hill has increased when compared to the 5 year average annual rate.
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 Flora Hill, 3550. Typically our figures indicate that -5.21% is being offered, which puts this VIC suburb at 2391th most discounted overall in Australia.
The VIC suburb of Flora Hill, 3550 is in the Greater Bendigo local government area.
Giving property investors a a solid capital gain of 20.69% for the last year, Flora Hill, 3550 is the 103th highest performer in Australia in this respect.
Across a shorter period, Flora Hill, 3550 has seen a median price increase of 14.29% over the last quarter.
Property investors looking for a bargain in Flora Hill should be aiming for at least -6.33% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $250 and the average annual increase in value of a median property of 5.63%, investors should hope to achieve an overall return of 4.64%