VIC has seen average median house prices change by 2.87% which means that Truganina, 3029 has done well for property investors by showing a capital gain of 1.30% over the last year
If we look at median property appreciation over just the last three months, Truganina has given property investors a paper return of 1.14%. This puts Suburb as 387 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Truganina, 3029. Typically our figures indicate that -5.83% is being offered, which puts this VIC suburb at 1880th most discounted overall in Australia.
VIC has seen average median house prices change by 6.11% which means that Truganina, 3029 has done well for property investors by showing a capital gain of 3.75% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Truganina comes in at number 115th in VIC.
Sellers are offering property buyers an average discount of -7.63% to buyers in Truganina at the moment, which is less than average for the rest of VIC.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Information supplied by:
Houses are in low supply
Median house price: $490,000
Stock on market: -27.0%
12-month growth: 19.5%
A rural-urban suburb that is seeing remarkable growth, Truganina is fast becoming popular among buyers.
The number of houses in the area fell by over 100 in the 12 months leading up to November 2017. This has been accompanied by a drop in vacancy rate from 2.3% to 1.9%, indicating that the fall in supply has heightened competition for vacant homes. On the flip side, however, the number of units went up from just 5 in 2016 to 16 in 2017.
A factor in Truganina’s popularity could be because of its affordability – the median house value is under $500,000, and the suburb recorded a 19.5% boost in prices over this period. Another contributor is Truganina being well-stocked in amenities and being a transport hub.