Over the last year, property investments in Tongala, 3621 have given investors a capital gain of 38.41%. This compares very favourably with the 8.06% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tongala has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Tongala should be aiming for at least -3.09% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $222.5 and the average annual increase in value of a median property of 4.40%, investors should hope to achieve an overall return of 5.31%