Avenel has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -14.15% to date .
Across a shorter period, Avenel, 3664 has seen a median price increase of -2.71% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Avenel is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 155th in terms of most discounted suburbs in VIC
Residents and property investors in Avenel have been waiting around 133.6 days to sell a property.
A $280 per week rent on the median house gives suburb investors a gross yield of circa 6.24%, without taking into account capital value appreciation, which has been averaging out at 1.61%.