Giving property investors a an average capital gain of 3.41% for the last year, Donvale, 3111 is the 2200th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Donvale has increased when compared to the 5 year average annual rate.
Vendor discounting in Donvale is giving property investors an average Vendor Discount of around -6.20%. This puts suburb at number 241th in VIC when ranking the most discounted suburbs.
A $445 per week rent on the median house gives suburb investors a gross yield of circa 2.39%, without taking into account capital value appreciation, which has been averaging out at 7.93%.
Over the last year, property investments in Donvale, 3111 have given investors a capital gain of 0.76%. This compares badly with the 3.19% for VIC as a whole.
Donvale,3111 was ranked 1042 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.14% offered to property buyers. Sellers in Donvale itself are offering an average vendor discount of -4.64% to real estate investors.
The VIC suburb of Donvale, 3111 is in the Manningham local government area.