Property investors who have had real estate in Rosanna, 3084 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.89%
Rosanna,3084 has offered an average of 9.89% return per annum in house price rises to property investors over the last three years.
Rosanna, 3084 is offering VIC ‘s 543th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.
If you compare the increase in value of investment property in Rosanna, 3084 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.10%.
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 -5.06% 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 4.33 sales per month, which equates to 52 per year.
With the median price for a house in Rosanna being $642000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.08%
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.