Over the last year, property investments in Skye, 3977 have given investors a capital gain of 7.29%. This compares averagely with the 7.80% for VIC as a whole.
Skye,3977 was ranked 693 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Skye is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 580th in terms of most discounted suburbs in VIC
In the last year 122 properties changed hands in Skye, which puts it as the 206th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 4.25%
Giving property investors a an average capital gain of 2.73% for the last year, Skye, 3977 is the 890th highest performer in Australia in this respect.
Over the longer term, Skye has seen property prices show investors a 21.76% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -2.51% to buyers in Skye at the moment, which is less than average for the rest of VIC.
With the median price for a house in Skye being $328750 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 5.46%