At number 3662th in the list of Australian suburbs ordered by increase in median house value over the last year, Swan Hill, 3585 is in the BOTTOM 20% with a property value increase of -6.42% recorded in median house prices.
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.
Sellers are offering property buyers an average discount of -4.64% to buyers in Swan Hill at the moment, which is less than average for the rest of VIC.
In the last year 190 properties changed hands in Swan Hill, which puts it as the 134th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.38%, investors should hope to achieve an overall return of 5.66%
Swan Hill is in the bottom 30% in VIC when comparing median price capital growth over the last year. Swan Hill gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.00%.
Vendor discounting in Swan Hill is giving property investors an average Vendor Discount of around -4.24%. This puts suburb at number 169th in VIC when ranking the most discounted suburbs.
At number 723 in a list of fastest selling suburbs, Swan Hill is just in the top half of suburbs in Australia with an average of days on market 72.8 for properties listed there.
The VIC suburb of Swan Hill, 3585 is in the Swan Hill local government area.