Investment property in Rangeway has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.98%
Rangeway,6530 has offered an average of 2.98% return per annum in house price rises to property investors over the last three years.
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.57% offered to property buyers. Sellers in Rangeway itself are offering an average vendor discount of -16.66% to real estate investors.
At number 1883 in a list of fastest selling suburbs, Rangeway is just in the bottom half of suburbs in Australia with an average of days on market 75.44 for properties listed there.
A $200 per week rent on the median house gives suburb investors a gross yield of circa 11.15%, without taking into account capital value appreciation, which has been averaging out at -6.34%.