Giving property investors a a solid capital gain of 12.35% for the last year, Mount Richon, 6112 is the 798th highest performer in Australia in this respect.
Over the longer term, Mount Richon has seen property prices show investors a -7.56% return over the last 3 years. This is an improvement over the last 12 months
Our latest figures would indicate that property sellers in Mount Richon are currently offering property investors an average price cut of -9.50% below the asking price at the moment.
Using the current median advertised rental of $345 and the average annual increase in value of a median property of 1.65%, investors should hope to achieve an overall return of 3.74%