Investment property in Edithvale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -4.46%
Comparing Edithvale,3196 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Vendor discounting in Edithvale is giving property investors an average Vendor Discount of around -6.31%. This puts suburb at number 338th in VIC when ranking the most discounted suburbs.
At number 638 in a list of fastest selling suburbs, Edithvale is in the TOP 20% of suburbs in Australia with an average of days on market 56.9024 for properties listed there.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 7.91%.
Over the last year, property investments in Edithvale, 3196 have given investors a capital gain of 1.59%. This compares favourably with the 0.68% for VIC as a whole.
If we look at median property appreciation over just the last three months, Edithvale has given property investors a paper return of -0.92%. This puts Suburb as 229 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Edithvale is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 44th in terms of most discounted suburbs in VIC
Residents and property investors in Edithvale have been waiting around 66.4516 days to sell a property.
With the median price for a house in Edithvale being $701500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.34%