Property value increases in Nunawading have tracked close to the VIC average of 11.00% over the last 12 months.
If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of 1.30%. This puts Suburb as 436 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Nunawading are currently offering property investors an average price cut of -3.17% below the asking price at the moment.
Often selling an investment property can take time, and in Nunawading the average time real estate has been on the market is 62.86 days.
Investment property in Nunawading has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 19.69%
If we look at median property appreciation over just the last three months, Nunawading has given property investors a paper return of 5.79%. This puts Suburb as 56 on a list of fastest fasting appreciating suburbs in VIC
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 Nunawading, 3131. Typically our figures indicate that -1.59% is being offered, which puts this VIC suburb at 1450th most discounted overall in Australia.
At number 1179 in a list of fastest selling suburbs, Nunawading is in the bottom 30% of suburbs in Australia with an average of days on market 103 for properties listed there.
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 9.39%, investors should hope to achieve an overall return of 2.84%