Over the last year, property investments in Flora Hill, 3550 have given investors a capital gain of 5.75%. This compares averagely with the 7.88% for VIC as a whole.
If we look at median property appreciation over just the last three months, Flora Hill has given property investors a paper return of 1.79%. This puts Suburb as 250 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 Flora Hill, 3550. Typically our figures indicate that -4.88% is being offered, which puts this VIC suburb at 2672th most discounted overall in Australia.
At number 1545 in a list of fastest selling suburbs, Flora Hill is just in the top half of suburbs in Australia with an average of days on market 66.62 for properties listed there.
Advertised rents are around the $320 mark per week – giving a return of 4.82% based on the median price in Suburb
With a capital gain of -3.00% for the last 12 months, Flora Hill, 3550 has performed for property investments than its average annual 3.51% property growth over the last 5 years.
While Flora Hill,3550 ranked number 48th in VIC for increase in median house value (annualised) increase, it is ranked 306th over the last 5 years.
Property investors looking for a bargain in Flora Hill should be aiming for at least -5.93% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Flora Hill have been waiting around 98.58 days to sell a property.
Flora Hill, 3550’s gross rental yield is 5.36%
The suburb of Flora Hill in the area of Bendigo, Victoria is picking up in the rental marketFull summary
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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.Close