At number 1246th in the list of Australian suburbs ordered by increase in median house value over the last year, Rutherglen, 3685 is in the top 30% with a property value increase of 10.78% recorded in median house prices.
If we look at median property appreciation over just the last three months, Rutherglen has given property investors a paper return of 7.82%. This puts Suburb as 42 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -6.50% to buyers in Rutherglen at the moment, which is less than average for the rest of VIC.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.97%, without taking into account capital value appreciation, which has been averaging out at 3.83%.