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 14.38%.
While Diamond Creek,3089 ranked number 371th in VIC for increase in median house value (annualised) increase, it is ranked 304th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Diamond Creek itself are offering an average vendor discount of -3.42% to real estate investors.
Often selling an investment property can take time, and in Diamond Creek the average time real estate has been on the market is 32.03 days.
With the median price for a house in Diamond Creek being $692000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.31%
With a capital gain of 5.56% for the last 12 months, Diamond Creek, 3089 has performed for property investments than its average annual 6.52% property growth over the last 5 years.
Diamond Creek,3089 was ranked 603 in Australia by increase in median property value over the quarter.
Situated 22.83km from the CBD, Diamond Creek is one of Nillumbik localities in the postcode 3089.