Nunawading is in the TOP 30% in VIC when comparing median price capital growth over the last year. Nunawading gave property investors a good capital gain figure when compared to the rest of the state, with 12.33%.
Nunawading,3131 has offered an average of 12.33% return per annum in house price rises to property investors over the last three years.
The most recent median price for Nunawading is $909850, with sellers offering an average of -5.65% off the asking price.
At number 1815 in a list of fastest selling suburbs, Nunawading is just in the top half of suburbs in Australia with an average of days on market 79.02 for properties listed there.
Nunawading, 3131’s gross rental yield is 2.29%
Investment property in Nunawading has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.40%
Across a shorter period, Nunawading, 3131 has seen a median price increase of -7.50% over the last quarter.
Property buyers and investors in Nunawading 3131 should be seeing an average reduction in asking price of around -3.76% . This means that Nunawading is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 5.83 sales per month, which equates to 70 per year.
Using the current median advertised rental of $360 and the average annual increase in value of a median property of 8.27%, investors should hope to achieve an overall return of 3.21%