If you compare the increase in value of investment property in Kurunjang, 3337 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 23.88%.
The five-year average increase in median property values for Kurunjang,3337 has given property investors a potential capital gain of 50.36% across each of those five years.
Sellers are offering property buyers an average discount of -4.06% to buyers in Kurunjang at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Kurunjang the average time real estate has been on the market is 32.96 days.
With the median price for a house in Kurunjang being $415000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.01%
VIC has seen average median house prices change by 7.73% which means that Kurunjang, 3337 has done well for property investors by showing a capital gain of 10.53% over the last year
Across a shorter period, Kurunjang, 3337 has seen a median price increase of 1.94% over the last quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kurunjang, 3337. Typically our figures indicate that -2.65% is being offered, which puts this VIC suburb at 1365th most discounted overall in Australia.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 6.63%, investors should hope to achieve an overall return of 4.79%