VIC has seen average median house prices change by 8.23% which means that Skye, 3977 has done well for property investors by showing a capital gain of 6.74% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Skye comes in at number 392th in VIC.
The most recent median price for Skye is $448300, with sellers offering an average of -2.92% off the asking price.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 5.37%, investors should hope to achieve an overall return of 4.23%
Property value increases in Skye have tracked just higher than the VIC average of 4.09% over the last 12 months.
Vendor discounting in Skye is giving property investors an average Vendor Discount of around -2.32%. This puts suburb at number 299th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 1.25 sales per month, which equates to 15 per year.
Property investors should expect to get $335 weekly from the median priced house in this suburb.