At number 1750th in the list of Australian suburbs ordered by increase in median house value over the last year, Clifton Hill, 3068 is in the top half with a property value increase of 6.99% recorded in median house prices.
Clifton Hill,3068 has offered an average of 6.99% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Clifton Hill should be aiming for at least -2.99% off the asking price, which is the average vendor discount being achieved at the moment.
Using the current median advertised rental of $622.5 and the average annual increase in value of a median property of 8.72%, investors should hope to achieve an overall return of 2.92%
Clifton Hill has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -1.54% to date .
Comparing Clifton Hill,3068 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Clifton Hill is $640000, with sellers offering an average of -2.76% off the asking price.
Renters in Suburb are facing rents around $4380 per annum or $365 every week.