Rosanna is an average performer in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a average capital gain figure when compared to the rest of the state, with 10.77%.
Rosanna,3084 has offered an average of 10.77% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Rosanna should be aiming for at least -4.80% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $437.5 weekly from the median priced house in this suburb.
Giving property investors a a solid capital gain of 11.25% for the last year, Rosanna, 3084 is the 342th highest performer in Australia in this respect.
Comparing Rosanna,3084 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Our latest figures would indicate that property sellers in Rosanna are currently offering property investors an average price cut of -4.35% below the asking price at the moment.
Often selling an investment property can take time, and in Rosanna the average time real estate has been on the market is 40.41 days.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 7.41%, investors should hope to achieve an overall return of 2.96%
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.