Flora Hill has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.70% to date .
Taking the average capital gain, or increase in median house value, Flora Hill,3550 has racked up an average of 4.70% over the period. This ranks it number 2198th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Flora Hill itself are offering an average vendor discount of -4.90% to real estate investors.
Flora Hill, 3550’s gross rental yield is 4.56%
Giving property investors a an unimpressive capital gain of -4.39% for the last year, Flora Hill, 3550 is the 1002th highest performer in Australia in this respect.
Over the longer term, Flora Hill has seen property prices show investors a -8.60% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Flora Hill are currently offering property investors an average price cut of -8.27% below the asking price at the moment.
Residents and property investors in Flora Hill have been waiting around 124.8 days to sell a property.
With the median price for a house in Flora Hill being $228500 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 5.92%
Information supplied by:
Significant fall in vacancy rate
Median house price: $335,000
Vacancy rate: 5.1%
Three-year growth: 0.6%
The suburb of Flora Hill in the area of Bendigo, Victoria is picking up in the rental market.
The average vacancy rate dropped from a high 8.9% to 5.1% over the June 2017-2018 period in this low-priced suburb, where houses record a median value of less than $350,000. Flora Hill’s house market has maintained a steady if unremarkable trend of positive growth in the past five years, with prices only falling by 0.3% in the three months to June 2018. Rents are reasonably affordable as well at a weekly rate of $310, and landlords can reap returns of 4.8%.
Bendigo South East College and the Bendigo campus of La Trobe University both call Flora Hill home. Less than 10 minutes’ drive away is the city of Bendigo, the biggest finance district in Victoria aside from Melbourne.