At number 1986th in the list of Australian suburbs ordered by increase in median house value over the last year, Truganina, 3029 is in the top half with a property value increase of 1.40% recorded in median house prices.
Comparing Truganina,3029 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Truganina should be aiming for at least -5.60% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $410 mark per week – giving a return of 3.69% based on the median price in Suburb
At number 730th in the list of Australian suburbs ordered by increase in median house value over the last year, Truganina, 3029 is in the top half with a property value increase of 1.22% recorded in median house prices.
The five-year average increase in median property values for Truganina,3029 has given property investors a potential capital gain of 40.68% across each of those five years.
Property investors looking for a bargain in Truganina should be aiming for at least -6.37% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Truganina the average time real estate has been on the market is 100.343 days.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.
Information supplied by:
Houses are in low supply
Median house price: $490,000
Stock on market: -27.0%
12-month growth: 19.5%
A rural-urban suburb that is seeing remarkable growth, Truganina is fast becoming popular among buyers.
The number of houses in the area fell by over 100 in the 12 months leading up to November 2017. This has been accompanied by a drop in vacancy rate from 2.3% to 1.9%, indicating that the fall in supply has heightened competition for vacant homes. On the flip side, however, the number of units went up from just 5 in 2016 to 16 in 2017.
A factor in Truganina’s popularity could be because of its affordability – the median house value is under $500,000, and the suburb recorded a 19.5% boost in prices over this period. Another contributor is Truganina being well-stocked in amenities and being a transport hub.