If you compare the increase in value of investment property in Rowville, 3178 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.73%.
If we look at median property appreciation over just the last three months, Rowville has given property investors a paper return of -1.96%. This puts Suburb as 506 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Rowville are currently offering property investors an average price cut of -6.21% below the asking price at the moment.
Residents and property investors in Rowville have been waiting around 36.96 days to sell a property.
Rowville, 3178’s gross rental yield is 2.84%
Property value increases in Rowville have tracked higher than the VIC average of 2.97% over the last 12 months.
While Rowville,3178 ranked number 2nd in VIC for increase in median house value (annualised) increase, it is ranked 148th over the last 5 years.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
Using the current median advertised rental of $405 and the average annual increase in value of a median property of 5.30%, investors should hope to achieve an overall return of 3.67%