Over the last year, property investments in Leongatha, 3953 have given investors a capital gain of 14.17%. This compares favourably with the 7.88% for VIC as a whole.
Comparing Leongatha,3953 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Leongatha, 3953 is offering VIC ‘s 474th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
Residents and property investors in Leongatha have been waiting around 90.05 days to sell a property.
Using the current median advertised rental of $282.5 and the average annual increase in value of a median property of 4.36%, investors should hope to achieve an overall return of 4.29%
If you compare the increase in value of investment property in Leongatha, 3953 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.85%.
Across a shorter period, Leongatha, 3953 has seen a median price increase of 3.77% over the last quarter.
Our latest figures would indicate that property sellers in Leongatha are currently offering property investors an average price cut of -2.84% below the asking price at the moment.
In the last year 29 properties changed hands in Leongatha, which puts it as the 239th most active market in VIC when comparing the number of sales per suburb.
Situated 113.17km from the CBD, Leongatha is one of South Gippsland localities in the postcode 3953.