At number 3571th in the list of Australian suburbs ordered by increase in median house value over the last year, Flora Hill, 3550 is in the BOTTOM 20% with a property value increase of -4.76% 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 -4.76% over the period. This ranks it number 3360th in the whole country for real estate investors looking at median house price increases.
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 -7.33% is being offered, which puts this VIC suburb at 973th most discounted overall in Australia.
Residents and property investors in Flora Hill have been waiting around 86.34 days to sell a property.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 4.86%, without taking into account capital value appreciation, which has been averaging out at 3.54%.
If you compare the increase in value of investment property in Flora Hill, 3550 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.92%.
Flora Hill,3550 has offered an average of 15.92% return per annum in house price rises to property investors over the last three years.
Flora Hill, 3550 is offering VIC ‘s 33th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.
Using the current median advertised rental of $247.5 and the average annual increase in value of a median property of 5.06%, investors should hope to achieve an overall return of 4.53%