Property investors who have had real estate in Glen Waverley, 3150 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.00%
If we look at median property appreciation over just the last three months, Glen Waverley has given property investors a paper return of 0.85%. This puts Suburb as 449 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Glen Waverley is $1300000, with sellers offering an average of -7.14% off the asking price.
A $530 per week rent on the median house gives suburb investors a gross yield of circa 2.12%, without taking into account capital value appreciation, which has been averaging out at 6.92%.
VIC has seen average median house prices change by 7.35% which means that Glen Waverley, 3150 has done well for property investors by showing a capital gain of 7.21% over the last year
The five-year average increase in median property values for Glen Waverley,3150 has given property investors a potential capital gain of 27.35% across each of those five years.
Sellers are offering property buyers an average discount of -5.35% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.
Residents and property investors in Glen Waverley have been waiting around 81 days to sell a property.
Glen Waverley is 338th on a list of best yielding suburbs for rents in VIC with a 3.14% return