Investment property in Glen Waverley 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 -3.01%
Glen Waverley,3150 has offered an average of -3.01% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -13.12% to buyers in Glen Waverley at the moment, which is less than average for the rest of VIC.
In the last year 430 properties changed hands in Glen Waverley, which puts it as the 17th most active market in VIC when comparing the number of sales per suburb.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.10%, without taking into account capital value appreciation, which has been averaging out at 8.09%.
Over the last year, property investments in Glen Waverley, 3150 have given investors a capital gain of -6.46%. This compares very badly with the 3.42% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 328th in VIC.
LACK OF BUYER INTEREST may well be the reason that Glen Waverley is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 294th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 7.17 sales per month, which equates to 86 per year.
Situated 19.07km from the CBD, Glen Waverley is one of Monash (C) localities in the postcode 3150.