Investment property in Whittlesea has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.85%
While Whittlesea,3757 ranked number 480th in VIC for increase in median house value (annualised) increase, it is ranked 479th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Whittlesea is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 347th in terms of most discounted suburbs in VIC
In the last year 94 properties changed hands in Whittlesea, which puts it as the 283th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.63%, investors should hope to achieve an overall return of 4.07%
VIC has seen average median house prices change by 5.66% which means that Whittlesea, 3757 has done well for property investors by showing a capital gain of 1.03% over the last year
The five-year average increase in median property values for Whittlesea,3757 has given property investors a potential capital gain of 39.52% across each of those five years.
Our latest figures would indicate that property sellers in Whittlesea are currently offering property investors an average price cut of -3.65% below the asking price at the moment.
Residents and property investors in Whittlesea have been waiting around 68.36 days to sell a property.
Using the current median advertised rental of $285 and the average annual increase in value of a median property of 3.48%, investors should hope to achieve an overall return of 5.06%