With a capital gain of 0.79% for the last 12 months, Endeavour Hills, 3802 has performed for property investments than its average annual 5.82% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Endeavour Hills has increased when compared to the 5 year average annual rate.
The most recent median price for Endeavour Hills is $635000, with sellers offering an average of -7.26% off the asking price.
Situated 31.80km from the CBD, Endeavour Hills is one of Casey (C) localities in the postcode 3802.
Over the last year, property investments in Endeavour Hills, 3802 have given investors a capital gain of -2.36%. This compares very badly with the 7.35% for VIC as a whole.
While Endeavour Hills,3802 ranked number 61th in VIC for increase in median house value (annualised) increase, it is ranked 170th over the last 5 years.
Property investors looking for a bargain in Endeavour Hills should be aiming for at least -6.08% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Endeavour Hills being $517500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.62%