Property investors who have had real estate in Smiths Beach, 3922 should be unhappy 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 -8.90%
Comparing Smiths Beach,3922 ‘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 -4.38% offered to property buyers. Sellers in Smiths Beach itself are offering an average vendor discount of -4.10% to real estate investors.
With the median price for a house in Smiths Beach being $640000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.25%