VIC has seen average median house prices change by 9.04% which means that Diamond Creek, 3089 has done well for property investors by showing a capital gain of 13.98% over the last year
The five-year average increase in median property values for Diamond Creek,3089 has given property investors a potential capital gain of 35.64% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Diamond Creek is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 465th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Diamond Creek the average time real estate has been on the market is 34.95 days.
With the median price for a house in Diamond Creek being $685000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.34%
Giving property investors a an average capital gain of 3.15% for the last year, Diamond Creek, 3089 is the 837th highest performer in Australia in this respect.
Across a shorter period, Diamond Creek, 3089 has seen a median price increase of 1.46% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Diamond Creek itself are offering an average vendor discount of -0.71% to real estate investors.
Using the current median advertised rental of $345 and the average annual increase in value of a median property of 7.32%, investors should hope to achieve an overall return of 3.43%