VIC has seen average median house prices change by -1.79% which means that Flora Hill, 3550 has not done well for property investors by showing a capital gain of 2.34% over the last year
If we look at median property appreciation over just the last three months, Flora Hill has given property investors a paper return of 0.14%. This puts Suburb as 250 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Flora Hill 3550 should be seeing an average reduction in asking price of around -5.31% . This means that Flora Hill is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Flora Hill have been waiting around 71.3333 days to sell a property.
Situated 129.54km from the CBD, Flora Hill is one of Greater Bendigo (C) localities in the postcode 3550.
Investment property in Flora Hill 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 -11.43%
The five-year average increase in median property values for Flora Hill,3550 has given property investors a potential capital gain of -13.55% across each of those five years.
The most recent median price for Flora Hill is $217000, with sellers offering an average of -7.07% off the asking price.
At number 1221 in a list of fastest selling suburbs, Flora Hill is in the bottom 10% of suburbs in Australia with an average of days on market 120.417 for properties listed there.
With the median price for a house in Flora Hill being $217000 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 6.71%
Information supplied by:
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.