Truganina, 3029 ranked 106th in VIC when comparing growth in median property values or capital gain over the last 12 months. Truganina is one of 2098 in our list for VIC
While Truganina,3029 ranked number 188th in VIC for increase in median house value (annualised) increase, it is ranked 276th over the last 5 years.
Property buyers and investors in Truganina 3029 should be seeing an average reduction in asking price of around -4.28% . This means that Truganina is holding prices well when compared to other suburbs in VIC.
Advertised rents are around the $390 mark per week – giving a return of 3.62% based on the median price in Suburb
Over the last year, property investments in Truganina, 3029 have given investors a capital gain of 10.56%. This compares favourably with the 7.50% for VIC as a whole.
Truganina,3029 has offered an average of 10.56% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Truganina 3029 should be seeing an average reduction in asking price of around -3.93% . This means that Truganina is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.55%, investors should hope to achieve an overall return of 4.64%
A rural-urban suburb that is seeing remarkable growth, Truganina is fast becoming popular among buyersFull summary
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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.