At number 1170th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarinda, 3169 is in the top 30% with a property value increase of 10.45% recorded in median house prices.
Over the longer term, Clarinda has seen property prices show investors a 38.36% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Clarinda should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 48 properties changed hands in Clarinda, which puts it as the 440th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.61%, investors should hope to achieve an overall return of 2.80%
If you compare the increase in value of investment property in Clarinda, 3169 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -7.89%.
When looking at the potential capital gains offered to property investors over the last 3 years, Clarinda comes in at number 262th in VIC.
Property investors should expect to get $390 weekly from the median priced house in this suburb.