Glen Waverley is in the bottom 20% in VIC when comparing median price capital growth over the last year. Glen Waverley gave property investors a dismal capital gain figure when compared to the rest of the state, with 1.29%.
While Glen Waverley,3150 ranked number 563th in VIC for increase in median house value (annualised) increase, it is ranked 90th over the last 5 years.
Property investors looking for a bargain in Glen Waverley should be aiming for at least -6.61% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Glen Waverley being $1326900 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 1.96%
Investment property in Glen Waverley has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.00%
When looking at the potential capital gains offered to property investors over the last 3 years, Glen Waverley comes in at number 258th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Glen Waverley, 3150. Typically our figures indicate that -5.80% is being offered, which puts this VIC suburb at 505th most discounted overall in Australia.
Often selling an investment property can take time, and in Glen Waverley the average time real estate has been on the market is 104.08 days.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.00%, without taking into account capital value appreciation, which has been averaging out at 6.61%.