Kilmore has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.48% to date .
Over the longer term, Kilmore has seen property prices show investors a 7.53% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Kilmore is offering property investors an average of -5.71. This rate of discount on properties puts Suburb at number 380th in terms of most discounted suburbs in VIC
In the last year 133 properties changed hands in Kilmore, which puts it as the 191th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 3.22%, investors should hope to achieve an overall return of 4.75%
If you compare the increase in value of investment property in Kilmore, 3764 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.58%.
Property investors looking for a bargain in Kilmore should be aiming for at least -3.32% off the asking price, which is the average vendor discount being achieved at the moment.
Kilmore, 3764’s gross rental yield is 5.44%