Investment property in Ararat has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.49%
Ararat,3377 was ranked 1223 in Australia by increase in median property value over the 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 Ararat, 3377. Typically our figures indicate that -3.92% is being offered, which puts this VIC suburb at 1664th most discounted overall in Australia.
Advertised rents are around the $290 mark per week – giving a return of 6.16% based on the median price in Suburb
Investment property in Ararat has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.85%
Over the longer term, Ararat has seen property prices show investors a 60.29% return over the last 3 years. This is worse than over the last 12 months
On average over the past year, suburb has had 1.33 sales per month, which equates to 16 per year.
With the median price for a house in Ararat being $190750 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 7.63%