Giving property investors a a stable capital gain of 5.00% for the last year, Pearcedale, 3912 is the 1264th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Pearcedale has given property investors a paper return of 1.87%. This puts Suburb as 314 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -9.14% to buyers in Pearcedale at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 7.06%, investors should hope to achieve an overall return of 3.28%
Information supplied by:
Rural suburb grows
Median house price: $597,500
Three-year growth: 32.3%
Rental yield: 3.3%
Buyers are in strong competition for houses in the suburb of Pearcedale, 12km from Frankston.
The market has been on fire since 2013, with an average annual growth rate of 6.8%. In the 12 months leading up to March 2018, the suburb recorded an 11.1% increase in prices, although the three months to March showed a slight drop of 1.6%. With houses being on the market for an average of just 35 days despite a median house value of almost $600,000, it is a very good sign of potential for a suburb located far from Melbourne.
Pearcedale is a rural area, and its industry is largely centred on agriculture, with cattle, gardens and farms. Pearcedale Primary School is well known for teaching hearing-impaired children.