Investment property in Kilsyth 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 -10.28%
When looking at the potential capital gains offered to property investors over the last 3 years, Kilsyth comes in at number 502th in VIC.
Sellers are offering property buyers an average discount of -7.44% to buyers in Kilsyth at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Kilsyth the average time real estate has been on the market is 49.7368 days.
Property investors should expect to get $420 weekly from the median priced house in this suburb.
Giving property investors a an unimpressive capital gain of -5.36% for the last year, Kilsyth, 3137 is the 977th highest performer in Australia in this respect.
Across a shorter period, Kilsyth, 3137 has seen a median price increase of 4.43% over the last quarter.
Our latest figures would indicate that property sellers in Kilsyth are currently offering property investors an average price cut of -5.31% below the asking price at the moment.
Situated 30.54km from the CBD, Kilsyth is one of Yarra Ranges (S) localities in the postcode 3137.
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Units sell fast
Median unit price: $560,000
Three-year growth: 35.9%
Rental yield: 3.6%
Named for a Scottish town, the suburb of Kilsyth is enjoying booming population growth.
Units are spending only around 30 days on the market – a strong sign of high demand from buyers. Such properties are also selling at low discount rates. However, Price growth may be slowing in this area, with the growth rate going from double digits to single digits over the 2013-2018 period.
Kilsyth is notably home to MarShere Kilsyth, the competitive and social ballroom dance studio. It is also home to sports clubs like the Kilsyth Redbacks Cricket Club and the Lilydale Swimming Club. This is due to the presence of sporting facilities like the Kilsyth Centenary Pool located on Hawthory Road. The Kilsyth Sports Centre on Liverpool Road houses the Mountain District Badminton Association, while the Eastwood Golf Club lies on the same road and attracts golfers.