Property investors who have had real estate in Brunswick, 3056 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.18%
Over the longer term, Brunswick has seen property prices show investors a 9.19% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Brunswick are currently offering property investors an average price cut of -6.13% below the asking price at the moment.
With the median price for a house in Brunswick being $1010000 and the advertised rent reaching $600 the gross rental yield for property investors calculates out to be 3.09%
Brunswick, 3056 ranked 69th in VIC when comparing growth in median property values or capital gain over the last 12 months. Brunswick is one of 2099 in our list for VIC
The five-year average increase in median property values for Brunswick,3056 has given property investors a potential capital gain of 9.04% across each of those five years.
Vendor discounting in Brunswick is giving property investors an average Vendor Discount of around -4.57%. This puts suburb at number 222th in VIC when ranking the most discounted suburbs.
Situated 5.19km from the CBD, Brunswick is one of Moreland (C) localities in the postcode 3056.
Information supplied by:
Median House Price: $1,000,000
Current Yield (houses): 3.2%
Average annual growth (houses): 6.8%
Median Unit Price: $530,000
Current Yield (units): 4.4%
Average annual growth (units): 3.1%
Amenities are a big part of what generates demand, and the multicultural suburb of Brunswick offers a wealth of it.
“Brunswick has been gentrifying over the past five years and is a very popular suburb with young people,” says REA Group Chief Economist Nerida Conisbee.
“This is leading to a lot of renovation activity and the homes in Brunswick continue to improve. The area has great cafes and restaurants, is close to central Melbourne and has easy access to a number of universities.”