Brooklyn has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.42% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brooklyn has increased when compared to the 5 year average annual rate.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.
Brooklyn is an average performer in VIC when comparing median price capital growth over the last year. Brooklyn gave property investors a average capital gain figure when compared to the rest of the state, with 3.05%.
Taking the average capital gain, or increase in median house value, Brooklyn,3012 has racked up an average of 3.05% over the period. This ranks it number 439th 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 -3.62% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Brooklyn have been waiting around 99.17 days to sell a property.
A $365 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 6.57%.