Advertised rents are around the $525 mark per week – giving a return of 2.43% based on the median price in Suburb
Travancore is in the bottom 20% in VIC when comparing median price capital growth over the last year. Travancore gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.86%.
Travancore,3032 has offered an average of -2.86% return per annum in house price rises to property investors over the last three years.
The most recent median price for Travancore is $340000, with sellers offering an average of -7.44% off the asking price.
Travancore is 9th on a list of best yielding suburbs for rents in VIC with a 6.35% return
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Stagnant performance in inner west suburb
Median unit price: $345,000
Three-year growth: -7.3%
Rental yield: 6.2%
Located in Melbourne’s inner west, the suburb of Travancore has had a flat performance in the July 2017-2018 period.
Apartments are very affordable here at under $350,000, and prices are not looking to change as the market did not record any growth during this period. Investors may not be getting the capital growth, but they are able to reap strong cash flows from the high average rental yield of 6.2%, which comes off an average weekly rent rate of $410.
Named for the Travancore Mansion built in the 1800s, this suburb boasts a collection of homes with Deco-inspired architecture. The front gates of the old mansion serve as the entrance to Flemington Primary School. In addition, Travancore is home to a namesake park and Delhi Reserve, which lies along Moonee Ponds Creek. The suburb is bordered by Tullamarine Freeway and Mount Alexander Road.