Hamlyn Heights has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.00% to date .
Taking the average capital gain, or increase in median house value, Hamlyn Heights,3215 has racked up an average of 8.00% over the period. This ranks it number 300th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Hamlyn Heights are currently offering property investors an average price cut of -6.53% below the asking price at the moment.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 7.21%, investors should hope to achieve an overall return of 3.47%
If you compare the increase in value of investment property in Hamlyn Heights, 3215 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 14.07%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hamlyn Heights has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Hamlyn Heights is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 151th in terms of most discounted suburbs in VIC
At number 615 in a list of fastest selling suburbs, Hamlyn Heights is just in the top half of suburbs in Australia with an average of days on market 64.11 for properties listed there.
Renters in Suburb are facing rents around $16120 per annum or $310 every week.