VIC has seen average median house prices change by 2.87% which means that Officer, 3809 has done well for property investors by showing a capital gain of 0.92% over the last year
If we look at median property appreciation over just the last three months, Officer has given property investors a paper return of -0.89%. This puts Suburb as 620 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Officer should be aiming for at least -7.39% off the asking price, which is the average vendor discount being achieved at the moment.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 3.75%, without taking into account capital value appreciation, which has been averaging out at 6.16%.
At number 197 in a list of fastest selling suburbs, Officer is in the TOP 20% of suburbs in Australia with an average of days on market 55.0833 for properties listed there.
Renters in Suburb are facing rents around $18720 per annum or $360 every week.