With a capital gain of -2.17% for the last 12 months, Hamilton Hill, 6163 has performed for property investments than its average annual 0.43% property growth over the last 5 years.
Comparing Hamilton Hill,6163 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Hamilton Hill should be aiming for at least -7.45% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 17.25 sales per month, which equates to 207 per year.
Investment property in Hamilton Hill has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.86%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hamilton Hill has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Hamilton Hill are currently offering property investors an average price cut of -7.00% below the asking price at the moment.
Using the current median advertised rental of $280 and the average annual increase in value of a median property of 1.84%, investors should hope to achieve an overall return of 4.28%