Over the last year, property investments in Airport West, 3042 have given investors a capital gain of 4.60%. This compares badly with the 8.62% for VIC as a whole.
If we look at median property appreciation over just the last three months, Airport West has given property investors a paper return of -1.29%. This puts Suburb as 535 on a list of fastest fasting appreciating suburbs in VIC
Airport West3042 is located in VIC which offers an average discount of -5.19% to property investors. Airport West itself is showing figures that indicate -4.81% is the average achievable by property buyers investing in the suburb.
At number 513 in a list of fastest selling suburbs, Airport West is in the TOP 20% of suburbs in Australia with an average of days on market 45.63 for properties listed there.
With the median price for a house in Airport West being $842000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.47%
Airport West is in the bottom 30% in VIC when comparing median price capital growth over the last year. Airport West gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.06%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Airport West has increased when compared to the 5 year average annual rate.
The most recent median price for Airport West is $572000, with sellers offering an average of -3.86% off the asking price.
In the last year 51 properties changed hands in Airport West, which puts it as the 160th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $20800 per annum or $400 every week.