Property value increases in Truganina have tracked just higher than the VIC average of -1.79% over the last 12 months.
While Truganina,3029 ranked number 258th in VIC for increase in median house value (annualised) increase, it is ranked 141th over the last 5 years.
Truganina, 3029 is offering VIC ‘s 170th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Advertised rents are around the $410 mark per week – giving a return of 3.74% based on the median price in Suburb
Truganina has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.22% to date .
Truganina,3029 was ranked 608 in Australia by increase in median property value over the quarter.
The most recent median price for Truganina is $415000, with sellers offering an average of -7.92% off the asking price.
Truganina is 101th on a list of best yielding suburbs for rents in VIC with a 4.64% return
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.