Property investors who have had real estate in Aspendale, 3195 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.64%
The five-year average increase in median property values for Aspendale,3195 has given property investors a potential capital gain of 40.48% across each of those five years.
Sellers are offering property buyers an average discount of -5.58% to buyers in Aspendale at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $565 and the average annual increase in value of a median property of 6.23%, investors should hope to achieve an overall return of 2.89%
If you compare the increase in value of investment property in Aspendale, 3195 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 16.31%.
When looking at the potential capital gains offered to property investors over the last 3 years, Aspendale comes in at number 179th in VIC.
Aspendale is 341th on a list of best yielding suburbs for rents in VIC with a 3.12% return