If you compare the increase in value of investment property in Rosanna, 3084 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.42%.
Across a shorter period, Rosanna, 3084 has seen a median price increase of 3.88% over the last quarter.
Vendor discounting in Rosanna is giving property investors an average Vendor Discount of around -1.12%. This puts suburb at number 614th in VIC when ranking the most discounted suburbs.
In the last year 99 properties changed hands in Rosanna, which puts it as the 263th most active market in VIC when comparing the number of sales per suburb.
At number 318th in the list of Australian suburbs ordered by increase in median house value over the last year, Rosanna, 3084 is in the top 20% with a property value increase of 12.88% recorded in median house prices.
If we look at median property appreciation over just the last three months, Rosanna has given property investors a paper return of 1.26%. This puts Suburb as 117 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Rosanna 3084 should be seeing an average reduction in asking price of around -3.93% . This means that Rosanna is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Rosanna have been waiting around 67.22 days to sell a property.
Property investors should expect to get $350 weekly from the median priced house in this suburb.
If you can afford it, this Melbourne suburb has a huge amount to offer.Full summary
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If you can afford it, this Melbourne suburb has a huge amount to offer.Close
It’s located 12km northeast of the Melbourne CBD, but there are a range of great amenities in the suburb itself.
These include public schools such as the respected Viewbank College.
The days on market figure of 50 days is pretty decent for the Melbourne market, as is the vacancy rate of just 1.3%.
Townhouses are a popular option and there are a good range of properties that appeal to tenants.
This includes some attractive townhouses on Waiora Road, which are well located and more reasonably priced (less than $650,000).
For investors looking for a house that is more affordable than the median price and still good value, there are some good opportunities on Lower Plenty Road.
Three- or four-bedroom houses on big blocks can be bought there for less than $750,000.
These properties are in close proximity to Rosanna Station, great shopping options, cafes and restaurants.