If you compare the increase in value of investment property in Hughesdale, 3166 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.50%.
Hughesdale,3166 was ranked 619 in Australia by increase in median property value over the quarter.
The most recent median price for Hughesdale is $1204000, with sellers offering an average of -6.50% off the asking price.
At number 2040 in a list of fastest selling suburbs, Hughesdale is just in the bottom half of suburbs in Australia with an average of days on market 80.5714 for properties listed there.
Property investors should expect to get $570 weekly from the median priced house in this suburb.
With a capital gain of -0.80% for the last 12 months, Hughesdale, 3166 has performed for property investments than its average annual 4.43% property growth over the last 5 years.
Hughesdale,3166 has offered an average of -0.80% return per annum in house price rises to property investors over the last three years.
Hughesdale, 3166’s gross rental yield is 3.76%
Information supplied by:
Dean & Kylie Sirianni
Investment property in Suburb has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.86%.
Hughesdale,3166 has offered an average of 4.86% return per annum in house price rises to property investors over the last three years.
At number 308th of VIC’s most discounted properties, Hughesdale is in the middle of the state/territory when listing in order of most discounted to least.
At number 38 in a list of fastest selling suburbs, Hughesdale is in the TOP 10% of suburbs in Australia with an average of days on market 42.36 for properties listed there.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 7.86%, investors should hope to achieve an overall return of 2.83%
Family oriented suburb that is close proximity to most amenities
2 train stations, Oakleigh Cake Precinct, Chadstone Shopping Centre
Most Sought-after properties:
Period style homes, either unrenovated or renovated.
Most common properties:
Train stations, schools, and shops / cafes.
Local industry and business:
Restaurants, cafes, shopping centres.
Growth of Oakleigh's cafe precinct.
Easton Rd., The Alphabet streets
2 Train Stations & buses
Dandenong Road, North Road, Warrigal Road