VIC has seen average median house prices change by 2.87% which means that Edithvale, 3196 has done well for property investors by showing a capital gain of 6.23% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Edithvale has increased when compared to the 5 year average annual rate.
The most recent median price for Edithvale is $980000, with sellers offering an average of -5.51% off the asking price.
Edithvale is in the bottom 30% in VIC when comparing median price capital growth over the last year. Edithvale gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.35%.
Across a shorter period, Edithvale, 3196 has seen a median price increase of -1.53% over the last quarter.
Sellers are offering property buyers an average discount of -8.84% to buyers in Edithvale at the moment, which is less than average for the rest of VIC.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 3.30%, without taking into account capital value appreciation, which has been averaging out at 6.38%.