Highett, 3190 ranked 305th in VIC when comparing growth in median property values or capital gain over the last 12 months. Highett is one of 2099 in our list for VIC
The five-year average increase in median property values for Highett,3190 has given property investors a potential capital gain of 43.27% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Highett itself are offering an average vendor discount of -7.78% to real estate investors.
With the median price for a house in Highett being $1225000 and the advertised rent reaching $620 the gross rental yield for property investors calculates out to be 2.63%
If you compare the increase in value of investment property in Highett, 3190 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.67%.
Comparing Highett,3190 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Highett is giving property investors an average Vendor Discount of around -4.29%. This puts suburb at number 218th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $467.5 and the average annual increase in value of a median property of 4.19%, investors should hope to achieve an overall return of 3.56%