With a capital gain of -4.00% for the last 12 months, Myrtleford, 3737 has performed for property investments than its average annual 1.45% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Myrtleford,3737 has racked up an average of -4.00% over the period. This ranks it number 3223th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Myrtleford itself are offering an average vendor discount of -7.21% to real estate investors.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 1.45%.