VIC has seen average median house prices change by 9.04% which means that Skye, 3977 has done well for property investors by showing a capital gain of 18.68% over the last year
Across a shorter period, Skye, 3977 has seen a median price increase of 5.05% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.80% offered to property buyers. Sellers in Skye itself are offering an average vendor discount of -3.89% to real estate investors.
On average over the past year, suburb has had 11.50 sales per month, which equates to 138 per year.
Using the current median advertised rental of $390 and the average annual increase in value of a median property of 6.75%, investors should hope to achieve an overall return of 3.90%
At number 830th in the list of Australian suburbs ordered by increase in median house value over the last year, Skye, 3977 is in the top half with a property value increase of 3.19% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Skye,3977 has racked up an average of 3.19% over the period. This ranks it number 1173th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Skye 3977 should be seeing an average reduction in asking price of around -3.03% . This means that Skye is holding prices well when compared to other suburbs in VIC.
At number 744 in a list of fastest selling suburbs, Skye is just in the bottom half of suburbs in Australia with an average of days on market 77.63 for properties listed there.
Situated 39.46km from the CBD, Skye is one of Frankston localities in the postcode 3977.