At number 939th in the list of Australian suburbs ordered by increase in median house value over the last year, Longwarry, 3816 is in the top 30% with a property value increase of 12.12% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Longwarry,3816 has racked up an average of 12.12% over the period. This ranks it number 2205th 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 -5.99% offered to property buyers. Sellers in Longwarry itself are offering an average vendor discount of -3.27% to real estate investors.
With the median price for a house in Longwarry being $327380 and the advertised rent reaching $312.5 the gross rental yield for property investors calculates out to be 4.96%
VIC has seen average median house prices change by 4.09% which means that Longwarry, 3816 has done well for property investors by showing a capital gain of 12.03% over the last year
While Longwarry,3816 ranked number 137th in VIC for increase in median house value (annualised) increase, it is ranked 154th over the last 5 years.
Longwarry3816 is located in VIC which offers an average discount of -5.27% to property investors. Longwarry itself is showing figures that indicate -4.41% is the average achievable by property buyers investing in the suburb.
A $290 per week rent on the median house gives suburb investors a gross yield of circa 5.59%, without taking into account capital value appreciation, which has been averaging out at 5.18%.