Property investors who have had real estate in Traralgon, 3844 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 0.44%
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 buyers and investors in Traralgon 3844 should be seeing an average reduction in asking price of around -6.43% . This means that Traralgon is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Traralgon being $275000 and the advertised rent reaching $285 the gross rental yield for property investors calculates out to be 5.39%
Over the last year, property investments in Traralgon, 3844 have given investors a capital gain of -1.25%. This compares badly with the 4.79% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Traralgon comes in at number 350th in VIC.
Sellers are offering property buyers an average discount of -6.69% to buyers in Traralgon at the moment, which is less than average for the rest of VIC.
Situated 144.45km from the CBD, Traralgon is one of Latrobe localities in the postcode 3844.