VIC has seen average median house prices change by 0.68% which means that Travancore, 3032 has done well for property investors by showing a capital gain of -3.17% over the last year
Taking the average capital gain, or increase in median house value, Travancore,3032 has racked up an average of -3.17% over the period. This ranks it number 1152th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Travancore is giving property investors an average Vendor Discount of around -6.60%. This puts suburb at number 111th in VIC when ranking the most discounted suburbs.
In the last year 32 properties changed hands in Travancore, which puts it as the 189th most active market in VIC when comparing the number of sales per suburb.
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.