Over the last year, property investments in Notting Hill, 3168 have given investors a capital gain of 17.62%. This compares very favourably with the 8.23% for VIC as a whole.
Taking the average capital gain, or increase in median house value, Notting Hill,3168 has racked up an average of 17.62% over the period. This ranks it number 418th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -5.56% to buyers in Notting Hill at the moment, which is less than average for the rest of VIC.
In the last year 29 properties changed hands in Notting Hill, which puts it as the 527th most active market in VIC when comparing the number of sales per suburb.
Property value increases in Notting Hill have tracked lower than the VIC average of 4.09% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Notting Hill has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.27% offered to property buyers. Sellers in Notting Hill itself are offering an average vendor discount of -1.29% to real estate investors.
The VIC suburb of Notting Hill, 3168 is in the Monash local government area.