Hughesdale has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -22.85% to date .
While Hughesdale,3166 ranked number 682th in VIC for increase in median house value (annualised) increase, it is ranked 492th over the last 5 years.
At number 224th of VIC’s most discounted properties, Hughesdale is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $480 weekly from the median priced house in this suburb.
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 -4.24%.
Comparing Hughesdale,3166 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Often selling an investment property can take time, and in Hughesdale the average time real estate has been on the market is 54.5161 days.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 4.58%, investors should hope to achieve an overall return of 3.55%
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