VIC has seen average median house prices change by 11.95% which means that Sydenham, 3037 has done well for property investors by showing a capital gain of 4.72% over the last year
Comparing Sydenham,3037 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 1040 in a list of fastest selling suburbs, Sydenham is in the TOP 30% of suburbs in Australia with an average of days on market 48.3 for properties listed there.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.31%, without taking into account capital value appreciation, which has been averaging out at 4.76%.
VIC has seen average median house prices change by 6.20% which means that Sydenham, 3037 has done well for property investors by showing a capital gain of 2.38% over the last year
Taking the average capital gain, or increase in median house value, Sydenham,3037 has racked up an average of 2.38% over the period. This ranks it number 694th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.37% offered to property buyers. Sellers in Sydenham itself are offering an average vendor discount of -4.67% to real estate investors.
Sydenham, 3037’s gross rental yield is 4.47%