Property value increases in Abbotsford have tracked lower than the VIC average of 8.62% over the last 12 months.
While Abbotsford,3067 ranked number 496th in VIC for increase in median house value (annualised) increase, it is ranked 80th over the last 5 years.
Abbotsford, 3067 is offering VIC ‘s 318th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.
Often selling an investment property can take time, and in Abbotsford the average time real estate has been on the market is 43 days.
A $620 per week rent on the median house gives suburb investors a gross yield of circa 2.60%, without taking into account capital value appreciation, which has been averaging out at 7.98%.
Investment property in Abbotsford has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.87%
A -7.54% growth in median value for property investors in Abbotsford,3067 puts this suburb at number 193th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Abbotsford is offering property investors an average of -4.65. This rate of discount on properties puts Suburb at number 76th in terms of most discounted suburbs in VIC
Situated 2.15km from the CBD, Abbotsford is one of Yarra localities in the postcode 3067.