Property investors who have had real estate in Shepparton, 3630 should be ok 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 6.43%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Shepparton has increased when compared to the 5 year average annual rate.
Vendor discounting in Shepparton is giving property investors an average Vendor Discount of around -5.01%. This puts suburb at number 388th in VIC when ranking the most discounted suburbs.
With the median price for a house in Shepparton being $265000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 5.59%
Shepparton is in the bottom 30% in VIC when comparing median price capital growth over the last year. Shepparton gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.55%.
If we look at median property appreciation over just the last three months, Shepparton has given property investors a paper return of 0.00%. This puts Suburb as 194 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Shepparton is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 159th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Shepparton the average time real estate has been on the market is 120.51 days.
Situated 164.14km from the CBD, Shepparton is one of Greater Shepparton localities in the postcode 3630.