Property investors who have had real estate in North Wonthaggi, 3995 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.91%
If we look at median property appreciation over just the last three months, North Wonthaggi has given property investors a paper return of 0.00%. This puts Suburb as 542 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in North Wonthaggi should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.
A $250 per week rent on the median house gives suburb investors a gross yield of circa 4.80%, without taking into account capital value appreciation, which has been averaging out at 4.36%.