At number 2490th in the list of Australian suburbs ordered by increase in median house value over the last year, Mansfield, 3722 is in the BOTTOM 50% with a property value increase of 3.95% recorded in median house prices.
While Mansfield,3722 ranked number 261th in VIC for increase in median house value (annualised) increase, it is ranked 429th over the last 5 years.
Property investors looking for a bargain in Mansfield should be aiming for at least -4.38% off the asking price, which is the average vendor discount being achieved at the moment.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 4.70%.
Property investors who have had real estate in Mansfield, 3722 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.73%
If we look at median property appreciation over just the last three months, Mansfield has given property investors a paper return of -8.73%. This puts Suburb as 355 on a list of fastest fasting appreciating suburbs in VIC
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.