Investment property in Invermay has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.82%
Across a shorter period, Invermay, 7248 has seen a median price increase of 0.82% over the last quarter.
Property investors looking for a bargain in Invermay should be aiming for at least -4.61% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
With the median price for a house in Invermay being $307500 and the advertised rent reaching $330 the gross rental yield for property investors calculates out to be 5.58%