Over the last year, property investments in Shepparton, 3630 have given investors a capital gain of 0.39%. This compares very badly with the 10.83% for VIC as a whole.
Across a shorter period, Shepparton, 3630 has seen a median price increase of 0.00% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Shepparton is offering property investors an average of -5.41. This rate of discount on properties puts Suburb at number 250th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 44.17 sales per month, which equates to 530 per year.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at 1.14%.
Property value increases in Shepparton have tracked just higher than the VIC average of 4.90% over the last 12 months.
Shepparton,3630 was ranked 592 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 -4.83% offered to property buyers. Sellers in Shepparton itself are offering an average vendor discount of -5.24% to real estate investors.
On average over the past year, suburb has had 5.42 sales per month, which equates to 65 per year.
Renters in Suburb are facing rents around $2880 per annum or $240 every week.