With a capital gain of 10.27% for the last 12 months, Longwarry, 3816 has performed for property investments than its average annual 5.78% property growth over the last 5 years.
Over the longer term, Longwarry has seen property prices show investors a 16.32% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Longwarry, 3816. Typically our figures indicate that -3.29% is being offered, which puts this VIC suburb at 3501th most discounted overall in Australia.
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
With the median price for a house in Longwarry being $335000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.81%
Investment property in Longwarry 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 3.37%
Longwarry,3816 was ranked 783 in Australia by increase in median property value over the quarter.
Vendor discounting in Longwarry is giving property investors an average Vendor Discount of around -4.14%. This puts suburb at number 225th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $280 mark per week – giving a return of 5.42% based on the median price in Suburb