At number 2927th in the list of Australian suburbs ordered by increase in median house value over the last year, Glen Waverley, 3150 is in the BOTTOM 30% with a property value increase of -6.26% recorded in median house prices.
If we look at median property appreciation over just the last three months, Glen Waverley has given property investors a paper return of 1.20%. This puts Suburb as 282 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Glen Waverley are currently offering property investors an average price cut of -8.45% below the asking price at the moment.
On average over the past year, suburb has had 34.67 sales per month, which equates to 416 per year.
Property investors should expect to get $530 weekly from the median priced house in this suburb.
Glen Waverley has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.32% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 31th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.33% offered to property buyers. Sellers in Glen Waverley itself are offering an average vendor discount of -6.09% to real estate investors.
In the last year 120 properties changed hands in Glen Waverley, which puts it as the 47th most active market in VIC when comparing the number of sales per suburb.
Glen Waverley, 3150’s gross rental yield is 3.03%