Investment property in Carlton North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.57%
Over the longer term, Carlton North has seen property prices show investors a 55.56% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Carlton North is offering property investors an average of -5.87. This rate of discount on properties puts Suburb at number 217th in terms of most discounted suburbs in VIC
A $605 per week rent on the median house gives suburb investors a gross yield of circa 2.25%, without taking into account capital value appreciation, which has been averaging out at 8.81%.
At number 381th in the list of Australian suburbs ordered by increase in median house value over the last year, Carlton North, 3054 is in the top 30% with a property value increase of 10.38% recorded in median house prices.
Across a shorter period, Carlton North, 3054 has seen a median price increase of 7.34% over the last quarter.
Property investors looking for a bargain in Carlton North should be aiming for at least -7.04% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Carlton North the average time real estate has been on the market is 60.3 days.