Investment property in Miles has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -25.66%
Across a shorter period, Miles, 4415 has seen a median price increase of -21.54% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.80% offered to property buyers. Sellers in Miles itself are offering an average vendor discount of -13.07% to real estate investors.
Often selling an investment property can take time, and in Miles the average time real estate has been on the market is 93 days.
Miles, 4415’s gross rental yield is 9.07%