Property value increases in Sydenham have tracked lower than the VIC average of -0.82% over the last 12 months.
Sydenham,3037 was ranked 3105 in Australia by increase in median property value over the quarter.
Property buyers and investors in Sydenham 3037 should be seeing an average reduction in asking price of around -8.15% . This means that Sydenham is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Sydenham have been waiting around 65.0952 days to sell a property.
Situated 21.57km from the CBD, Sydenham is one of Brimbank (C) localities in the postcode 3037.
Property investors who have had real estate in Sydenham, 3037 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.30%
While Sydenham,3037 ranked number 114th in VIC for increase in median house value (annualised) increase, it is ranked 59th over the last 5 years.
The most recent median price for Sydenham is $427500, with sellers offering an average of -7.76% off the asking price.
Often selling an investment property can take time, and in Sydenham the average time real estate has been on the market is 70.2333 days.
With the median price for a house in Sydenham being $427500 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.50%