Property investors who have had real estate in Noble Park, 3174 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 16.40%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Noble Park has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Noble Park itself are offering an average vendor discount of -5.27% to real estate investors.
Noble Park is 396th on a list of best yielding suburbs for rents in VIC with a 3.09% return
At number 474th in the list of Australian suburbs ordered by increase in median house value over the last year, Noble Park, 3174 is in the top 30% with a property value increase of 8.43% recorded in median house prices.
While Noble Park,3174 ranked number 63th in VIC for increase in median house value (annualised) increase, it is ranked 96th over the last 5 years.
Property buyers and investors in Noble Park 3174 should be seeing an average reduction in asking price of around -7.02% . This means that Noble Park is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Noble Park have been waiting around 70.32 days to sell a property.
Noble Park is 165th on a list of best yielding suburbs for rents in VIC with a 4.32% return