With a capital gain of 1.21% for the last 12 months, Avondale Heights, 3034 has performed for property investments than its average annual 7.20% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Avondale Heights has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.09% to buyers in Avondale Heights at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Avondale Heights the average time real estate has been on the market is 61.81 days.
Situated 10.65km from the CBD, Avondale Heights is one of Moonee Valley localities in the postcode 3034.
Avondale Heights is in the TOP 20% in VIC when comparing median price capital growth over the last year. Avondale Heights gave property investors a very good capital gain figure when compared to the rest of the state, with 16.50%.
A 22.63% growth in median value for property investors in Avondale Heights,3034 puts this suburb at number 240th in terms of best performing suburbs in VIC
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 5.51%, investors should hope to achieve an overall return of 3.44%