VIC has seen average median house prices change by 7.80% which means that Mount Beauty, 3699 has done well for property investors by showing a capital gain of -5.01% over the last year
If we look at median property appreciation over just the last three months, Mount Beauty has given property investors a paper return of 2.86%. This puts Suburb as 204 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Mount Beauty are currently offering property investors an average price cut of -8.42% below the asking price at the moment.
Often selling an investment property can take time, and in Mount Beauty the average time real estate has been on the market is 131.8 days.
Using the current median advertised rental of $270 and the average annual increase in value of a median property of 1.02%, investors should hope to achieve an overall return of 7.80%