Property value increases in Brooklyn have tracked close to the VIC average of 7.80% over the last 12 months.
Brooklyn,3012 was ranked 2512 in Australia by increase in median property value over the quarter.
The most recent median price for Brooklyn is $618000, with sellers offering an average of -4.60% off the asking price.
Residents and property investors in Brooklyn have been waiting around 42 days to sell a property.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 9.32%, investors should hope to achieve an overall return of 3.20%
If you compare the increase in value of investment property in Brooklyn, 3012 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 6.90%.
Brooklyn,3012 was ranked 1133 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Brooklyn is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 251th in terms of most discounted suburbs in VIC
At number 1196 in a list of fastest selling suburbs, Brooklyn is in the bottom 20% of suburbs in Australia with an average of days on market 105.04 for properties listed there.
The VIC suburb of Brooklyn, 3012 is in the Brimbank local government area.