At number 1433th in the list of Australian suburbs ordered by increase in median house value over the last year, Lower Plenty, 3093 is in the top 40% with a property value increase of 3.07% recorded in median house prices.
The five-year average increase in median property values for Lower Plenty,3093 has given property investors a potential capital gain of 37.18% across each of those five years.
Situated 16.69km from the CBD, Lower Plenty is one of Banyule (C) localities in the postcode 3093.
If you compare the increase in value of investment property in Lower Plenty, 3093 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.87%.
Taking the average capital gain, or increase in median house value, Lower Plenty,3093 has racked up an average of 17.87% over the period. This ranks it number 523th in the whole country for real estate investors looking at median house price increases.
With the median price for a house in Lower Plenty being $610000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.41%