Property value increases in Ararat have tracked lower than the VIC average of 11.69% over the last 12 months.
Across a shorter period, Ararat, 3377 has seen a median price increase of -1.25% over the last quarter.
Our latest figures would indicate that property sellers in Ararat are currently offering property investors an average price cut of -7.66% below the asking price at the moment.
Often selling an investment property can take time, and in Ararat the average time real estate has been on the market is 121.17 days.
A $215 per week rent on the median house gives suburb investors a gross yield of circa 9.60%, without taking into account capital value appreciation, which has been averaging out at 14.18%.