Investment property in Alfredton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.66%
Alfredton,3350 was ranked 2806 in Australia by increase in median property value over the quarter.
The most recent median price for Alfredton is $425000, with sellers offering an average of -3.48% off the asking price.
In the last year 241 properties changed hands in Alfredton, which puts it as the 85th most active market in VIC when comparing the number of sales per suburb.
Situated 106.35km from the CBD, Alfredton is one of Ballarat (C) localities in the postcode 3350.
Property value increases in Alfredton have tracked lower than the VIC average of 3.42% over the last 12 months.
The five-year average increase in median property values for Alfredton,3350 has given property investors a potential capital gain of 18.18% across each of those five years.
Sellers are offering property buyers an average discount of -11.01% to buyers in Alfredton at the moment, which is less than average for the rest of VIC.
In the last year 20 properties changed hands in Alfredton, which puts it as the 263th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $230 mark per week – giving a return of 5.26% based on the median price in Suburb