Over the last year, property investments in Lancefield, 3435 have given investors a capital gain of 5.50%. This compares badly with the 10.47% for VIC as a whole.
While Lancefield,3435 ranked number 560th in VIC for increase in median house value (annualised) increase, it is ranked 463th over the last 5 years.
Property investors looking for a bargain in Lancefield should be aiming for at least -3.99% off the asking price, which is the average vendor discount being achieved at the moment.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.03%, without taking into account capital value appreciation, which has been averaging out at 4.38%.