Property investors who have had real estate in Pearcedale, 3912 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.76%
Comparing Pearcedale,3912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Pearcedale itself are offering an average vendor discount of -8.57% to real estate investors.
Renters in Suburb are facing rents around $22360 per annum or $430 every week.
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.