At number 3793th in the list of Australian suburbs ordered by increase in median house value over the last year, Wheelers Hill, 3150 is in the BOTTOM 10% with a property value increase of -15.57% recorded in median house prices.
Wheelers Hill,3150 was ranked 3678 in Australia by increase in median property value over the quarter.
Vendor discounting in Wheelers Hill is giving property investors an average Vendor Discount of around -8.95%. This puts suburb at number 70th in VIC when ranking the most discounted suburbs.
The VIC suburb of Wheelers Hill, 3150 is in the Monash (C) local government area.
If you compare the increase in value of investment property in Wheelers Hill, 3150 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -10.71%.
A 13.55% growth in median value for property investors in Wheelers Hill,3150 puts this suburb at number 175th in terms of best performing suburbs in VIC
With the median price for a house in Wheelers Hill being $750000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.40%