Property investors who have had real estate in Ararat, 3377 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.67%
Comparing Ararat,3377 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Ararat should be aiming for at least -5.52% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 170 properties changed hands in Ararat, which puts it as the 118th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Ararat being $217750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.93%
Across a shorter period, Ararat, 3377 has seen a median price increase of 0.00% over the last quarter.
Advertised rents are around the $247.5 mark per week – giving a return of 6.91% based on the median price in Suburb