Emerald has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.71% to date .
Emerald,3782 was ranked 1539 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Emerald are currently offering property investors an average price cut of -3.48% below the asking price at the moment.
Using the current median advertised rental of $395 and the average annual increase in value of a median property of 6.13%, investors should hope to achieve an overall return of 3.46%
Emerald is a town offering semi rural lifestyle situated approx 44km from the c.b.d. The population as of 2011 census was 5.800. The main attraction is puffing billy and emerald lake, the annual puffing billy great train race occurs every 12 months.Full summary
Information supplied by:
Harcourts Essential Real Estate
Emerald is a town offering semi rural lifestyle situated approx 44km from the c.b.d. The population as of 2011 census was 5.800. The main attraction is puffing billy and emerald lake, the annual puffing billy great train race occurs every 12 months.
Excellent lifestyle , numerous parks and attractions, emerald lake park.
Most sought-after properties:
Contemporary homes mixed with character cottages and timber homes
Most common properties:
Quaint timber cottages
Parks, gardens gymnasium, cafes and retailshops.
Local industry and business:
Primarily tourist and retail businesses
New police station being built, gemco players hall.
Emerald Monbulk road, lakeside drive, emerald lake road
Public transport: buses
Main arteries: Wellington rd with direct access to eastlink and monash freeway