Diamond Creek is in the TOP 30% in VIC when comparing median price capital growth over the last year. Diamond Creek gave property investors a good capital gain figure when compared to the rest of the state, with 12.38%.
If we look at median property appreciation over just the last three months, Diamond Creek has given property investors a paper return of 1.97%. This puts Suburb as 268 on a list of fastest fasting appreciating suburbs in VIC
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 Diamond Creek, 3089. Typically our figures indicate that -6.60% is being offered, which puts this VIC suburb at 1488th most discounted overall in Australia.
Advertised rents are around the $425 mark per week – giving a return of 3.55% based on the median price in Suburb
If you compare the increase in value of investment property in Diamond Creek, 3089 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 1.62%.
A 31.57% growth in median value for property investors in Diamond Creek,3089 puts this suburb at number 91th in terms of best performing suburbs in VIC
Diamond Creek3089 is located in VIC which offers an average discount of -5.22% to property investors. Diamond Creek itself is showing figures that indicate -2.86% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Diamond Creek have been waiting around 37.07 days to sell a property.
Using the current median advertised rental of $357.5 and the average annual increase in value of a median property of 6.27%, investors should hope to achieve an overall return of 3.67%