Investment property in Doncaster East has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.96%
Doncaster East,3109 was ranked 2355 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -4.71% to buyers in Doncaster East at the moment, which is less than average for the rest of VIC.
The VIC suburb of Doncaster East, 3109 is in the Manningham local government area.
If you compare the increase in value of investment property in Doncaster East, 3109 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -0.73%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Doncaster East has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Doncaster East is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 187th in terms of most discounted suburbs in VIC
With the median price for a house in Doncaster East being $680000 and the advertised rent reaching $437.5 the gross rental yield for property investors calculates out to be 3.35%
Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live. Full summary
Information supplied by:
0413 957 365
Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live.
Close to schools, local shopping, Westfield Doncaster, family friendly.
Most sought-after properties:
Family homes in East Doncaster school zone or Doncaster Gardens Primary.
Most common properties:
1960’s/1970’s 3 bedroom, L shape lounge/dining.
East Doncaster Secondary College, Doncaster Gardens, Ruffey Lake Park.
Local industry and business:
Devon Plaza, The Pines, Jackson Court and Donburn shopping centres.
60km zone on Blackburn Road.
Deep Creek Drive, Milgate Estate.
Buses to city and train station.
Doncaster Road, Blackburn Road, Eastern Freeway, King Street, Georges Road.