If you compare the increase in value of investment property in Brooklyn, 3012 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.58%.
Across a shorter period, Brooklyn, 3012 has seen a median price increase of 0.67% over the last quarter.
With the median price for a house in Brooklyn being $750000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.77%
Investment property in Brooklyn has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.79%
Taking the average capital gain, or increase in median house value, Brooklyn,3012 has racked up an average of 5.79% over the period. This ranks it number 655th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Brooklyn should be aiming for at least -4.31% off the asking price, which is the average vendor discount being achieved at the moment.