If you compare the increase in value of investment property in Wandin North, 3139 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.75%.
Over the longer term, Wandin North has seen property prices show investors a 34.69% return over the last 3 years. This is worse than over the last 12 months
At number 473th of VIC’s most discounted properties, Wandin North is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Wandin North the average time real estate has been on the market is 59.1111 days.
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Shopping hub thrives
Median house price: $600,000
Three-year growth: 44.4%
Rental yield: 3.4%
Houses are in high demand in the suburb of Wandin North, with significant price increases failing to deter buyers.
A contributor could be Wandin North’s bustling shopping district and wealth of attractions. These must-sees include Warratina Lavender Farm, Katandra Gardens, Wild Cattle Creek Winery and fruit orchards. Wandin North Primary School is established here as well.
Thus, residents are flocking to the suburb, which shows in its strong growth. In the September 2017 quarter alone, houses saw a 13% increase in house values – bringing the median price to $600,000. Houses spend an average of just 21 days on the market, and they sell at an average discount rate of just 4.3%. This shows that despite limited returns, investors are seeing dollar signs in Wandin North.