At number 1776th in the list of Australian suburbs ordered by increase in median house value over the last year, Notting Hill, 3168 is in the top half with a property value increase of 7.68% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Notting Hill,3168 has racked up an average of 7.68% over the period. This ranks it number 367th in the whole country for real estate investors looking at median house price increases.
Advertised rents are around the $425 mark per week – giving a return of 2.44% based on the median price in Suburb
VIC has seen average median house prices change by 4.83% which means that Notting Hill, 3168 has done well for property investors by showing a capital gain of -12.63% over the last year
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 fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Notting Hill 3168 should be seeing an average reduction in asking price of around -5.13% . This means that Notting Hill is holding prices well when compared to other suburbs in VIC.
Often selling an investment property can take time, and in Notting Hill the average time real estate has been on the market is 123.57 days.
The VIC suburb of Notting Hill, 3168 is in the Monash local government area.