Mirboo North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.20% to date .
The five-year average increase in median property values for Mirboo North,3871 has given property investors a potential capital gain of 8.70% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Mirboo North itself are offering an average vendor discount of -7.69% to real estate investors.
Using the current median advertised rental of $255 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 4.72%