Property value increases in Lower Plenty have tracked just lower than the VIC average of -1.79% over the last 12 months.
Across a shorter period, Lower Plenty, 3093 has seen a median price increase of -9.31% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Lower Plenty is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 23th in terms of most discounted suburbs in VIC
Lower Plenty, 3093’s gross rental yield is 3.26%
Investment property in Lower Plenty has done pretty 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 -6.47%
If we look at median property appreciation over just the last three months, Lower Plenty has given property investors a paper return of 19.23%. This puts Suburb as 6 on a list of fastest fasting appreciating suburbs in VIC
Lower Plenty3093 is located in VIC which offers an average discount of -6.31% to property investors. Lower Plenty itself is showing figures that indicate -9.20% is the average achievable by property buyers investing in the suburb.
At number 559 in a list of fastest selling suburbs, Lower Plenty is just in the top half of suburbs in Australia with an average of days on market 75.4 for properties listed there.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 5.07%, investors should hope to achieve an overall return of 3.69%