Property value increases in Flora Hill have tracked just lower than the VIC average of 8.62% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Flora Hill comes in at number 636th in VIC.
Vendor discounting in Flora Hill is giving property investors an average Vendor Discount of around -4.63%. This puts suburb at number 358th in VIC when ranking the most discounted suburbs.
At number 1898 in a list of fastest selling suburbs, Flora Hill is just in the bottom half of suburbs in Australia with an average of days on market 73.27 for properties listed there.
Flora Hill is 94th on a list of best yielding suburbs for rents in VIC with a 4.91% return
Flora Hill is in the bottom 10% in VIC when comparing median price capital growth over the last year. Flora Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with -15.47%.
Comparing Flora Hill,3550 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Flora Hill is giving property investors an average Vendor Discount of around -4.99%. This puts suburb at number 118th in VIC when ranking the most discounted suburbs.
Property investors should expect to get $256 weekly from the median priced house in this suburb.
The suburb of Flora Hill in the area of Bendigo, Victoria is picking up in the rental marketFull summary
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.Close