Hamlyn Heights is in the TOP 30% in VIC when comparing median price capital growth over the last year. Hamlyn Heights gave property investors a good capital gain figure when compared to the rest of the state, with 14.26%.
A 50.72% growth in median value for property investors in Hamlyn Heights,3215 puts this suburb at number 255th in terms of best performing suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Hamlyn Heights is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 371th in terms of most discounted suburbs in VIC
At number 654th in the list of Australian suburbs ordered by increase in median house value over the last year, Hamlyn Heights, 3215 is in the top 40% with a property value increase of 5.11% recorded in median house prices.
Hamlyn Heights,3215 was ranked 727 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.65% offered to property buyers. Sellers in Hamlyn Heights itself are offering an average vendor discount of -3.71% to real estate investors.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 4.48%, investors should hope to achieve an overall return of 4.33%