Property investors who have had real estate in Camberwell, 3124 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 13.87%
Taking the average capital gain, or increase in median house value, Camberwell,3124 has racked up an average of 13.87% over the period. This ranks it number 762th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Camberwell is offering property investors an average of -5.26. This rate of discount on properties puts Suburb at number 94th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $730 and the average annual increase in value of a median property of 9.18%, investors should hope to achieve an overall return of 1.75%
With a capital gain of 3.24% for the last 12 months, Camberwell, 3124 has performed for property investments than its average annual 6.56% property growth over the last 5 years.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Camberwell has increased when compared to the 5 year average annual rate.
Camberwell3124 is located in VIC which offers an average discount of -4.68% to property investors. Camberwell itself is showing figures that indicate -13.84% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.
The VIC suburb of Camberwell, 3124 is in the Boroondara local government area.