Property value increases in Traralgon have tracked just lower than the VIC average of 9.04% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Traralgon has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Traralgon should be aiming for at least -6.11% off the asking price, which is the average vendor discount being achieved at the moment.
At number 2949 in a list of fastest selling suburbs, Traralgon is in the bottom 30% of suburbs in Australia with an average of days on market 109.89 for properties listed there.
The VIC suburb of Traralgon, 3844 is in the Latrobe local government area.
Over the last year, property investments in Traralgon, 3844 have given investors a capital gain of 10.75%. This compares favourably with the 4.28% for VIC as a whole.
Traralgon,3844 has offered an average of 10.75% return per annum in house price rises to property investors over the last three years.
The most recent median price for Traralgon is $221500, with sellers offering an average of -6.46% off the asking price.
With the median price for a house in Traralgon being $221500 and the advertised rent reaching $230 the gross rental yield for property investors calculates out to be 5.40%