Over the last year, property investments in Notting Hill, 3168 have given investors a capital gain of 10.76%. This compares favourably with the 8.06% for VIC as a whole.
If we look at median property appreciation over just the last three months, Notting Hill has given property investors a paper return of 1.75%. This puts Suburb as 387 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Notting Hill is $870000, with sellers offering an average of -5.56% off the asking price.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Using the current median advertised rental of $400 and the average annual increase in value of a median property of 10.48%, investors should hope to achieve an overall return of 2.39%
Notting Hill is in the bottom 10% in VIC when comparing median price capital growth over the last year. Notting Hill gave property investors a dismal capital gain figure when compared to the rest of the state, with -21.52%.
Taking the average capital gain, or increase in median house value, Notting Hill,3168 has racked up an average of -21.52% over the period. This ranks it number 1682th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.12% offered to property buyers. Sellers in Notting Hill itself are offering an average vendor discount of -12.09% to real estate investors.
Often selling an investment property can take time, and in Notting Hill the average time real estate has been on the market is 97.81 days.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.