Property investors who have had real estate in Flora Hill, 3550 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.23%
A 13.67% growth in median value for property investors in Flora Hill,3550 puts this suburb at number 507th in terms of best performing suburbs in VIC
Property buyers and investors in Flora Hill 3550 should be seeing an average reduction in asking price of around -5.09% . This means that Flora Hill is holding prices well when compared to other suburbs in VIC.
At number 491 in a list of fastest selling suburbs, Flora Hill is in the TOP 20% of suburbs in Australia with an average of days on market 51.8448 for properties listed there.
Advertised rents are around the $329 mark per week – giving a return of 4.62% based on the median price in Suburb
With a capital gain of 8.59% for the last 12 months, Flora Hill, 3550 has performed for property investments than its average annual 3.19% property growth over the last 5 years.
A 2.71% growth in median value for property investors in Flora Hill,3550 puts this suburb at number 23th in terms of best performing suburbs in VIC
The most recent median price for Flora Hill is $246500, with sellers offering an average of -5.73% off the asking price.
Often selling an investment property can take time, and in Flora Hill the average time real estate has been on the market is 111.625 days.
Flora Hill is 20th on a list of best yielding suburbs for rents in VIC with a 5.91% return
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Significant fall in vacancy rate
Median house price: $335,000
Vacancy rate: 5.1%
Three-year growth: 0.6%
The suburb of Flora Hill in the area of Bendigo, Victoria is picking up in the rental market.
The average vacancy rate dropped from a high 8.9% to 5.1% over the June 2017-2018 period in this low-priced suburb, where houses record a median value of less than $350,000. Flora Hill’s house market has maintained a steady if unremarkable trend of positive growth in the past five years, with prices only falling by 0.3% in the three months to June 2018. Rents are reasonably affordable as well at a weekly rate of $310, and landlords can reap returns of 4.8%.
Bendigo South East College and the Bendigo campus of La Trobe University both call Flora Hill home. Less than 10 minutes’ drive away is the city of Bendigo, the biggest finance district in Victoria aside from Melbourne.