Monash is in the TOP 10% in SA when comparing median price capital growth over the last year. Monash gave property investors a very good capital gain figure when compared to the rest of the state, with 17.10%.
While Monash,5342 ranked number 455th in SA for increase in median house value (annualised) increase, it is ranked 4th over the last 5 years.
Property investors looking for a bargain in Monash should be aiming for at least -2.45% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $275 and the average annual increase in value of a median property of 6.80%, investors should hope to achieve an overall return of 4.54%