Over the last year, property investments in Tongala, 3621 have given investors a capital gain of 15.15%. This compares very favourably with the 8.12% for VIC as a whole.
If we look at median property appreciation over just the last three months, Tongala has given property investors a paper return of 6.29%. This puts Suburb as 87 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Tongala itself are offering an average vendor discount of -3.59% to real estate investors.
A $222.5 per week rent on the median house gives suburb investors a gross yield of circa 6.09%, without taking into account capital value appreciation, which has been averaging out at 2.61%.