With a capital gain of 6.64% for the last 12 months, Leongatha, 3953 has performed for property investments than its average annual 3.65% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Leongatha comes in at number 552th in VIC.
Our latest figures would indicate that property sellers in Leongatha are currently offering property investors an average price cut of -3.67% below the asking price at the moment.
Situated 113.75km from the CBD, Leongatha is one of South Gippsland (S) localities in the postcode 3953.
Property value increases in Leongatha have tracked just higher than the VIC average of 3.42% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Leongatha has increased when compared to the 5 year average annual rate.
At number 203th of VIC’s most discounted properties, Leongatha is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Leongatha have been waiting around 55.4 days to sell a property.
A $245 per week rent on the median house gives suburb investors a gross yield of circa 4.59%, without taking into account capital value appreciation, which has been averaging out at 2.91%.