Avondale Heights has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.82% to date .
Comparing Avondale Heights,3034 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Avondale Heights is $810000, with sellers offering an average of -5.21% off the asking price.
At number 1886 in a list of fastest selling suburbs, Avondale Heights is just in the bottom half of suburbs in Australia with an average of days on market 77.8182 for properties listed there.
Avondale Heights is 502th on a list of best yielding suburbs for rents in VIC with a 2.76% return
If you compare the increase in value of investment property in Avondale Heights, 3034 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 21.82%.
Taking the average capital gain, or increase in median house value, Avondale Heights,3034 has racked up an average of 21.82% over the period. This ranks it number 227th in the whole country for real estate investors looking at median house price increases.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.41%, without taking into account capital value appreciation, which has been averaging out at 6.34%.