At number 502th in the list of Australian suburbs ordered by increase in median house value over the last year, Noble Park, 3174 is in the top 20% with a property value increase of 16.42% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Noble Park comes in at number 52th in VIC.
At number 170th of VIC’s most discounted properties, Noble Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
The VIC suburb of Noble Park, 3174 is in the Greater Dandenong local government area.
Noble Park has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.80% to date .
Comparing Noble Park,3174 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Noble Park 3174 should be seeing an average reduction in asking price of around -9.21% . This means that Noble Park is holding prices well when compared to other suburbs in VIC.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.20%, without taking into account capital value appreciation, which has been averaging out at 6.98%.