Property investors who have had real estate in Kerang, 3579 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.49%
Taking the average capital gain, or increase in median house value, Kerang,3579 has racked up an average of -4.49% over the period. This ranks it number 2185th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Kerang are currently offering property investors an average price cut of -8.37% below the asking price at the moment.
On average over the past year, suburb has had 5.58 sales per month, which equates to 67 per year.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 6.73%, without taking into account capital value appreciation, which has been averaging out at 1.67%.