At number 1240th 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 8.31% recorded in median house prices.
Lower Plenty,3093 was ranked 227 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Lower Plenty are currently offering property investors an average price cut of -5.29% below the asking price at the moment.
Using the current median advertised rental of $470 and the average annual increase in value of a median property of 7.21%, investors should hope to achieve an overall return of 2.39%
With a capital gain of 6.42% for the last 12 months, Lower Plenty, 3093 has performed for property investments than its average annual 5.42% property growth over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Lower Plenty, 3093. Typically our figures indicate that -3.13% is being offered, which puts this VIC suburb at 1287th most discounted overall in Australia.
The VIC suburb of Lower Plenty, 3093 is in the Banyule local government area.