Murtoa has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.92% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Murtoa has increased when compared to the 5 year average annual rate.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Murtoa itself are offering an average vendor discount of -5.14% to real estate investors.
At number 3421 in a list of fastest selling suburbs, Murtoa is in the bottom 10% of suburbs in Australia with an average of days on market 124.4 for properties listed there.
A $180 per week rent on the median house gives suburb investors a gross yield of circa 8.14%, without taking into account capital value appreciation, which has been averaging out at 4.78%.