If you compare the increase in value of investment property in Mount Evelyn, 3796 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 14.19%.
Taking the average capital gain, or increase in median house value, Mount Evelyn,3796 has racked up an average of 14.19% over the period. This ranks it number 1016th in the whole country for real estate investors looking at median house price increases.
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 Mount Evelyn itself are offering an average vendor discount of -4.97% to real estate investors.
A $352.5 per week rent on the median house gives suburb investors a gross yield of circa 3.43%, without taking into account capital value appreciation, which has been averaging out at 7.07%.