Property investors who have had real estate in Truganina, 3029 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.76%
A 46.88% growth in median value for property investors in Truganina,3029 puts this suburb at number 399th in terms of best performing suburbs in VIC
At number 56th of VIC’s most discounted properties, Truganina is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 306 properties changed hands in Truganina, which puts it as the 32th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in Truganina, 3029 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.22%.
If we look at median property appreciation over just the last three months, Truganina has given property investors a paper return of 1.22%. This puts Suburb as 110 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Truganina is $415000, with sellers offering an average of -6.19% off the asking price.
Truganina, 3029’s gross rental yield is 4.51%
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.