Property investors who have had real estate in Swan Hill, 3585 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 15.39%
While Swan Hill,3585 ranked number 459th in VIC for increase in median house value (annualised) increase, it is ranked 395th over the last 5 years.
Property investors looking for a bargain in Swan Hill should be aiming for at least -4.33% 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 Swan Hill the average time real estate has been on the market is 86.59 days.
With the median price for a house in Swan Hill being $268000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.04%
With a capital gain of 21.05% for the last 12 months, Swan Hill, 3585 has performed for property investments than its average annual 1.94% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Swan Hill has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Swan Hill are currently offering property investors an average price cut of -4.56% below the asking price at the moment.