Ararat has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 17.12% to date .
While Ararat,3377 ranked number 531th in VIC for increase in median house value (annualised) increase, it is ranked 611th over the last 5 years.
Ararat3377 is located in VIC which offers an average discount of -4.08% to property investors. Ararat itself is showing figures that indicate -5.23% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 15.67 sales per month, which equates to 188 per year.
The VIC suburb of Ararat, 3377 is in the Ararat (RC) local government area.
With a capital gain of 3.86% for the last 12 months, Ararat, 3377 has performed for property investments than its average annual 26.29% property growth over the last 5 years.
In the last year 20 properties changed hands in Ararat, which puts it as the 309th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 26.29%, investors should hope to achieve an overall return of 7.26%