Property investors who have had real estate in Cape Woolamai, 3925 should be relatively pleased 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 10.87%
Over the longer term, Cape Woolamai has seen property prices show investors a 14.61% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Cape Woolamai should be aiming for at least -5.40% off the asking price, which is the average vendor discount being achieved at the moment.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 5.20%.