Property investors who have had real estate in Wheelers Hill, 3150 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.66%
Taking the average capital gain, or increase in median house value, Wheelers Hill,3150 has racked up an average of -1.66% over the period. This ranks it number 2972th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Wheelers Hill are currently offering property investors an average price cut of -7.29% below the asking price at the moment.
With the median price for a house in Wheelers Hill being $1037500 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 2.61%