Investment property in Laverton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.56%
Taking the average capital gain, or increase in median house value, Laverton,3028 has racked up an average of -3.56% over the period. This ranks it number 242th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.53% to buyers in Laverton at the moment, which is less than average for the rest of VIC.
With the median price for a house in Laverton being $555000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 3.19%
If you compare the increase in value of investment property in Laverton, 3028 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.79%.
Comparing Laverton,3028 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Renters in Suburb are facing rents around $19760 per annum or $380 every week.
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House market is hot
Median house price: $529,000
Three-year growth: 49.4%
Rental yield: 3.1%
Situated 17km south of Melbourne, the house market in the suburb of Laverton is in popular demand.
In the 12 months leading up to January 2018, Laverton reported over 25% increase in prices for a median of almost $530,000. The average annual growth rate is nearly 10% following a five-year period of considerable growth.
Laverton is particularly warm in the summer, and is the site of the Melbourne Ballpark baseball stadium. Trains on the Werribee railway line pass through Laverton station. The suburb is also connected to various arterial roads, including the Princes Freeway.
Laverton has several primary schools and a high school. It is the home of the first Laverton Air Scout group, which meets near the railway station.