Leongatha has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.45% to date .
A 23.33% growth in median value for property investors in Leongatha,3953 puts this suburb at number 258th in terms of best performing suburbs in VIC
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 Leongatha itself are offering an average vendor discount of -3.84% to real estate investors.
The VIC suburb of Leongatha, 3953 is in the South Gippsland (S) local government area.
Giving property investors a a poor capital gain of -10.19% for the last year, Leongatha, 3953 is the 1215th highest performer in Australia in this respect.
While Leongatha,3953 ranked number 311th in VIC for increase in median house value (annualised) increase, it is ranked 323th over the last 5 years.
Often selling an investment property can take time, and in Leongatha the average time real estate has been on the market is 50.4615 days.
A $252.5 per week rent on the median house gives suburb investors a gross yield of circa 5.52%, without taking into account capital value appreciation, which has been averaging out at 1.96%.