With a capital gain of 30.61% for the last 12 months, Clarence Town, 2321 has performed for property investments than its average annual 5.56% property growth over the last 5 years.
Clarence Town,2321 was ranked 312 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Clarence Town itself are offering an average vendor discount of -7.01% to real estate investors.
A $390 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 5.56%.