Property value increases in Laverton have tracked lower than the VIC average of 2.87% over the last 12 months.
Taking the average capital gain, or increase in median house value, Laverton,3028 has racked up an average of -8.84% over the period. This ranks it number 862th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Laverton is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 337th in terms of most discounted suburbs in VIC
In the last year 77 properties changed hands in Laverton, which puts it as the 301th most active market in VIC when comparing the number of sales per suburb.
Situated 17.45km from the CBD, Laverton is one of Hobsons Bay (C) localities in the postcode 3028.
Investment property in Laverton 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 11.57%
Across a shorter period, Laverton, 3028 has seen a median price increase of 9.01% over the last quarter.
In the last year 12 properties changed hands in Laverton, which puts it as the 354th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $370 mark per week – giving a return of 4.05% based on the median price in Suburb
Information supplied by:
Laverton, VIC – Sharp drop in vacancies
Median house price: $535,000
Vacancy rate: 2.3%
Three-year growth: 6.6%
A part of both the Hobsons Bay and Wyndham LGAs, the small suburb of Laverton is known for its cultural diversity, which has helped attract a population of young working professionals. In the year to November 2019, the average vacancy rate dropped to 2.3%.
Properties are reasonably priced in this suburb – a big advantage especially for buyers who don’t have a lot saved up but want to be close to the CBD. It is connected to numerous access points as well, including the Princes Highway. The Laverton train station is a stop along the Werribee railway line.
The suburb is home to the Melbourne Ballpark stadium, which hosts several baseball games throughout the season.