Investment property in Clarinda has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.79%
Over the longer term, Clarinda has seen property prices show investors a 44.38% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Clarinda is $706000, with sellers offering an average of -2.86% off the asking price.
A $395 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 8.45%.
Clarinda has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.48% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Clarinda comes in at number 214th in VIC.
Situated 18.43km from the CBD, Clarinda is one of Kingston localities in the postcode 3169.