With a capital gain of 6.45% for the last 12 months, Leongatha, 3953 has performed for property investments than its average annual 4.22% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Leongatha has given property investors a paper return of 3.13%. This puts Suburb as 208 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Leongatha are currently offering property investors an average price cut of -5.20% below the asking price at the moment.
The VIC suburb of Leongatha, 3953 is in the South Gippsland local government area.
Property value increases in Leongatha have tracked just lower than the VIC average of 7.73% over the last 12 months.
Leongatha,3953 has offered an average of -0.93% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.67% offered to property buyers. Sellers in Leongatha itself are offering an average vendor discount of -4.62% to real estate investors.
Often selling an investment property can take time, and in Leongatha the average time real estate has been on the market is 174.5 days.
A $220 per week rent on the median house gives suburb investors a gross yield of circa 4.28%, without taking into account capital value appreciation, which has been averaging out at 2.01%.