VIC has seen average median house prices change by 7.68% which means that Rosanna, 3084 has done well for property investors by showing a capital gain of 5.72% over the last year
Over the longer term, Rosanna has seen property prices show investors a 34.15% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Rosanna are currently offering property investors an average price cut of -3.41% below the asking price at the moment.
Rosanna, 3084’s gross rental yield is 2.42%
At number 466th in the list of Australian suburbs ordered by increase in median house value over the last year, Rosanna, 3084 is in the top 30% with a property value increase of 8.55% 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 0.00%. This puts Suburb as 192 on a list of fastest fasting appreciating suburbs in VIC
Property investors looking for a bargain in Rosanna should be aiming for at least -4.23% off the asking price, which is the average vendor discount being achieved at the moment.
Rosanna is 341th on a list of best yielding suburbs for rents in VIC with a 3.03% return
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.