Investment property in Officer has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 32.85%
While Officer,3809 ranked number 107th in VIC for increase in median house value (annualised) increase, it is ranked 527th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Officer is offering property investors an average of -5.00. This rate of discount on properties puts Suburb at number 64th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Officer the average time real estate has been on the market is 40.89 days.
A $380 per week rent on the median house gives suburb investors a gross yield of circa 3.89%, without taking into account capital value appreciation, which has been averaging out at 6.25%.
Officer is an average performer in VIC when comparing median price capital growth over the last year. Officer gave property investors a average capital gain figure when compared to the rest of the state, with 8.13%.
Officer,3809 was ranked 838 in Australia by increase in median property value over the quarter.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Officer itself are offering an average vendor discount of -5.60% to real estate investors.