Over the last year, property investments in Myrtleford, 3737 have given investors a capital gain of 4.72%. This compares badly with the 7.80% for VIC as a whole.
Across a shorter period, Myrtleford, 3737 has seen a median price increase of -2.86% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Myrtleford itself are offering an average vendor discount of -5.43% to real estate investors.
A $272.5 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 1.85%.