With a capital gain of 23.26% for the last 12 months, Norlane, 3214 has performed for property investments than its average annual 9.15% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Norlane,3214 has racked up an average of 23.26% over the period. This ranks it number 84th in the whole country for real estate investors looking at median house price increases.
Norlane, 3214 is offering VIC ‘s 477th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Norlane the average time real estate has been on the market is 34.68 days.
Advertised rents are around the $260 mark per week – giving a return of 3.81% based on the median price in Suburb
Norlane has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.06% to date .
A 27.00% growth in median value for property investors in Norlane,3214 puts this suburb at number 119th in terms of best performing suburbs in VIC
Norlane, 3214 is offering VIC ‘s 89th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
In the last year 26 properties changed hands in Norlane, which puts it as the 228th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Norlane being $285750 and the advertised rent reaching $287.5 the gross rental yield for property investors calculates out to be 5.23%