Rosanna has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 16.75% to date .
Comparing Rosanna,3084 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Rosanna should be aiming for at least -2.55% off the asking price, which is the average vendor discount being achieved at the moment.
The VIC suburb of Rosanna, 3084 is in the Banyule local government area.
Giving property investors a an average capital gain of 6.30% for the last year, Rosanna, 3084 is the 713th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rosanna has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.08% to buyers in Rosanna at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
Using the current median advertised rental of $397.5 and the average annual increase in value of a median property of 7.27%, investors should hope to achieve an overall return of 3.06%
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.