Selby has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.87% to date .
Across a shorter period, Selby, 3159 has seen a median price increase of -3.74% over the last quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.94% offered to property buyers. Sellers in Selby itself are offering an average vendor discount of -8.27% to real estate investors.
In the last year 15 properties changed hands in Selby, which puts it as the 634th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $23400 per annum or $450 every week.