At number 3756th in the list of Australian suburbs ordered by increase in median house value over the last year, Traralgon East, 3844 is in the BOTTOM 10% with a property value increase of -8.70% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Traralgon East has increased when compared to the 5 year average annual rate.
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 Traralgon East itself are offering an average vendor discount of -6.03% to real estate investors.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.64%, without taking into account capital value appreciation, which has been averaging out at 3.88%.