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 14.43%.
Taking the average capital gain, or increase in median house value, Diamond Creek,3089 has racked up an average of 14.43% over the period. This ranks it number 1319th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Diamond Creek are currently offering property investors an average price cut of -4.09% below the asking price at the moment.
Residents and property investors in Diamond Creek have been waiting around 39.37 days to sell a property.
A $427.5 per week rent on the median house gives suburb investors a gross yield of circa 3.32%, without taking into account capital value appreciation, which has been averaging out at 6.86%.
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 3.01%.
Over the longer term, Diamond Creek has seen property prices show investors a 12.57% return over the last 3 years. This is worse than over the last 12 months
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 -0.71% is being offered, which puts this VIC suburb at 1484th most discounted overall in Australia.
At number 93 in a list of fastest selling suburbs, Diamond Creek is in the TOP 10% of suburbs in Australia with an average of days on market 38.58 for properties listed there.