San Remo is an average performer in VIC when comparing median price capital growth over the last year. San Remo gave property investors a average capital gain figure when compared to the rest of the state, with 8.92%.
When looking at the potential capital gains offered to property investors over the last 3 years, San Remo comes in at number 401th in VIC.
Our latest figures would indicate that property sellers in San Remo are currently offering property investors an average price cut of -4.15% below the asking price at the moment.
Often selling an investment property can take time, and in San Remo the average time real estate has been on the market is 106.4 days.
With the median price for a house in San Remo being $493000 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 3.48%
Over the last year, property investments in San Remo, 3925 have given investors a capital gain of -9.59%. This compares very badly with the 4.79% for VIC as a whole.
If we look at median property appreciation over just the last three months, San Remo has given property investors a paper return of -0.29%. This puts Suburb as 255 on a list of fastest fasting appreciating suburbs in VIC