With a capital gain of 21.45% for the last 12 months, Clifton Hill, 3068 has performed for property investments than its average annual 9.33% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clifton Hill has increased when compared to the 5 year average annual rate.
At number 311 in a list of fastest selling suburbs, Clifton Hill is in the TOP 10% of suburbs in Australia with an average of days on market 37.21 for properties listed there.
A $650 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 9.33%.
Property investors who have had real estate in Clifton Hill, 3068 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.60%
Over the longer term, Clifton Hill has seen property prices show investors a 14.23% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Clifton Hill are currently offering property investors an average price cut of -4.08% below the asking price at the moment.
Residents and property investors in Clifton Hill have been waiting around 53.96 days to sell a property.
The VIC suburb of Clifton Hill, 3068 is in the Yarra local government area.