Investment property in Beaconsfield has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 16.72%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Beaconsfield has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Beaconsfield are currently offering property investors an average price cut of -4.00% below the asking price at the moment.
Using the current median advertised rental of $402.5 and the average annual increase in value of a median property of 6.92%, investors should hope to achieve an overall return of 3.09%
With a capital gain of 12.05% for the last 12 months, Beaconsfield, 3807 has performed for property investments than its average annual 9.45% property growth over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Beaconsfield is offering property investors an average of -4.83. This rate of discount on properties puts Suburb at number 287th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Beaconsfield the average time real estate has been on the market is 63.58 days.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 3.87%, without taking into account capital value appreciation, which has been averaging out at 9.45%.