Bundoora, 3083 ranked 502th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bundoora is one of 2098 in our list for VIC
A 50.00% growth in median value for property investors in Bundoora,3083 puts this suburb at number 516th in terms of best performing suburbs in VIC
Vendor discounting in Bundoora is giving property investors an average Vendor Discount of around -4.89%. This puts suburb at number 400th in VIC when ranking the most discounted suburbs.
Residents and property investors in Bundoora have been waiting around 55.64 days to sell a property.
Bundoora, 3083’s gross rental yield is 2.97%
With a capital gain of 5.02% for the last 12 months, Bundoora, 3083 has performed for property investments than its average annual 3.43% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Bundoora,3083 has racked up an average of 5.02% over the period. This ranks it number 1060th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bundoora, 3083. Typically our figures indicate that -5.44% is being offered, which puts this VIC suburb at 723th most discounted overall in Australia.
Using the current median advertised rental of $365 and the average annual increase in value of a median property of 3.43%, investors should hope to achieve an overall return of 4.43%
The large suburb of Bundoora, around 18km from Melbourne’s city centre, experienced an interesting year in terms of property supply, with unit stock falling while housing stick increasedFull summary
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Apartment supply falls
Median unit price: $433,000
Stock on market: 0.7%
12-month growth: 9.6%
The large suburb of Bundoora, around 18km from Melbourne’s city centre, experienced an interesting year in terms of property supply, with unit stock falling while housing stick increased.
The number of units dropped from 80 to 62 between April 2017 and 2018, while that of houses went from 68 to 87. Even then, the apartment market continues to record growth, with values going up by nearly 10% in this period. The median price remains affordable at under $450,000, which could drive further interest.
Investors seeking a steady stream of potential tenants may find this suburb appealing, as campuses of La Trobe University and RMIT are situated here, as are many other primary and secondary schools, making it a popular suburb with student residents and families. The La Trobe University bus link also facilitates travel throughout Melbourne.Close