Investment property in Drysdale has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.40%
Across a shorter period, Drysdale, 3222 has seen a median price increase of 3.98% over the last quarter.
Sellers are offering property buyers an average discount of -2.83% to buyers in Drysdale at the moment, which is less than average for the rest of VIC.
In the last year 80 properties changed hands in Drysdale, which puts it as the 322th most active market in VIC when comparing the number of sales per suburb.
Drysdale, 3222’s gross rental yield is 4.12%
Property value increases in Drysdale have tracked higher than the VIC average of 7.73% over the last 12 months.
Comparing Drysdale,3222 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.60% offered to property buyers. Sellers in Drysdale itself are offering an average vendor discount of -2.53% to real estate investors.
With the median price for a house in Drysdale being $361250 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 4.17%