Over the last year, property investments in Ironbark, 3550 have given investors a capital gain of 21.95%. This compares very favourably with the 8.23% for VIC as a whole.
Ironbark,3550 was ranked 23 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 -5.99% offered to property buyers. Sellers in Ironbark itself are offering an average vendor discount of -8.13% to real estate investors.
At number 2283 in a list of fastest selling suburbs, Ironbark is in the bottom 40% of suburbs in Australia with an average of days on market 89.66 for properties listed there.
A $277.5 per week rent on the median house gives suburb investors a gross yield of circa 4.01%, without taking into account capital value appreciation, which has been averaging out at 7.83%.