If you compare the increase in value of investment property in Wheelers Hill, 3150 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.25%.
Taking the average capital gain, or increase in median house value, Wheelers Hill,3150 has racked up an average of 15.25% over the period. This ranks it number 555th in the whole country for real estate investors looking at median house price increases.
A $490 per week rent on the median house gives suburb investors a gross yield of circa 2.21%, without taking into account capital value appreciation, which has been averaging out at 8.50%.