Property investors who have had real estate in The Basin, 3154 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.07%
While The Basin,3154 ranked number 476th in VIC for increase in median house value (annualised) increase, it is ranked 220th over the last 5 years.
Sellers are offering property buyers an average discount of -9.00% to buyers in The Basin at the moment, which is less than average for the rest of VIC.
At number 562 in a list of fastest selling suburbs, The Basin is in the TOP 20% of suburbs in Australia with an average of days on market 54.3077 for properties listed there.
A $430 per week rent on the median house gives suburb investors a gross yield of circa 3.39%, without taking into account capital value appreciation, which has been averaging out at 7.02%.