Investment property in Hawthorn East 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 -8.98%
A 53.23% growth in median value for property investors in Hawthorn East,3123 puts this suburb at number 25th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -6.28% to buyers in Hawthorn East at the moment, which is less than average for the rest of VIC.
Advertised rents are around the $750 mark per week – giving a return of 2.05% based on the median price in Suburb
Hawthorn East is an average performer in VIC when comparing median price capital growth over the last year. Hawthorn East gave property investors a average capital gain figure when compared to the rest of the state, with -0.40%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hawthorn East has increased when compared to the 5 year average annual rate.
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 Hawthorn East, 3123. Typically our figures indicate that -8.14% is being offered, which puts this VIC suburb at 211th most discounted overall in Australia.
On average over the past year, suburb has had 8.00 sales per month, which equates to 96 per year.
With the median price for a house in Hawthorn East being $615000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.64%