Property value increases in Ararat have tracked just higher than the VIC average of 9.37% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ararat,3377 has racked up an average of 12.16% over the period. This ranks it number 648th in the whole country for real estate investors looking at median house price increases.
State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.44% offered to property buyers. Sellers in Ararat itself are offering an average vendor discount of -4.11% to real estate investors.
Ararat is 15th on a list of best yielding suburbs for rents in VIC with a 6.11% return
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 -3.38%
Across a shorter period, Ararat, 3377 has seen a median price increase of 0.00% over the last quarter.
In the last year 19 properties changed hands in Ararat, which puts it as the 289th most active market in VIC when comparing the number of sales per suburb.