Rosanna has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 6.90% to date .
Taking the average capital gain, or increase in median house value, Rosanna,3084 has racked up an average of 6.90% over the period. This ranks it number 1015th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Rosanna, 3084. Typically our figures indicate that -3.41% is being offered, which puts this VIC suburb at 3451th most discounted overall in Australia.
In the last year 100 properties changed hands in Rosanna, which puts it as the 260th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Rosanna being $930000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 2.46%
Property value increases in Rosanna have tracked higher than the VIC average of 3.63% over the last 12 months.
Over the longer term, Rosanna has seen property prices show investors a 19.43% 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 Rosanna is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 244th in terms of most discounted suburbs in VIC
The VIC suburb of Rosanna, 3084 is in the Banyule local government area.
If you can afford it, this Melbourne suburb has a huge amount to offer.Full summary
Information supplied by:
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.