If you compare the increase in value of investment property in Myrtleford, 3737 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -10.82%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Myrtleford has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.26% offered to property buyers. Sellers in Myrtleford itself are offering an average vendor discount of -7.16% to real estate investors.
Advertised rents are around the $270 mark per week – giving a return of 5.72% based on the median price in Suburb