If you compare the increase in value of investment property in Diamond Creek, 3089 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.70%.
The five-year average increase in median property values for Diamond Creek,3089 has given property investors a potential capital gain of 20.77% across each of those five years.
At number 254th of VIC’s most discounted properties, Diamond Creek is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 172 properties changed hands in Diamond Creek, which puts it as the 135th most active market in VIC when comparing the number of sales per suburb.
Situated 22.87km from the CBD, Diamond Creek is one of Nillumbik localities in the postcode 3089.
Over the last year, property investments in Diamond Creek, 3089 have given investors a capital gain of -0.39%. This compares badly with the 3.19% for VIC as a whole.
Across a shorter period, Diamond Creek, 3089 has seen a median price increase of -3.29% over the last quarter.
Our latest figures would indicate that property sellers in Diamond Creek are currently offering property investors an average price cut of -1.97% below the asking price at the moment.
Diamond Creek, 3089’s gross rental yield is 3.74%