If you compare the increase in value of investment property in Camberwell, 3124 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 9.59%.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Camberwell, 3124. Typically our figures indicate that -10.65% is being offered, which puts this VIC suburb at 283th most discounted overall in Australia.
Residents and property investors in Camberwell have been waiting around 62.69 days to sell a property.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 9.23%, investors should hope to achieve an overall return of 1.80%
VIC has seen average median house prices change by 3.11% which means that Camberwell, 3124 has done well for property investors by showing a capital gain of -1.71% over the last year
Across a shorter period, Camberwell, 3124 has seen a median price increase of -2.97% over the last quarter.
Property buyers and investors in Camberwell 3124 should be seeing an average reduction in asking price of around -10.04% . This means that Camberwell is holding prices well when compared to other suburbs in VIC.
Camberwell is 331th on a list of best yielding suburbs for rents in VIC with a 3.11% return