Giving property investors a a stable capital gain of 10.21% for the last year, Bundoora, 3083 is the 1140th highest performer in Australia in this respect.
If we look at median property appreciation over just the last three months, Bundoora has given property investors a paper return of 0.00%. This puts Suburb as 474 on a list of fastest fasting appreciating suburbs in VIC
At number 296th of VIC’s most discounted properties, Bundoora is in the middle of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $417.5 and the average annual increase in value of a median property of 7.23%, investors should hope to achieve an overall return of 2.89%
With a capital gain of 9.50% for the last 12 months, Bundoora, 3083 has performed for property investments than its average annual 3.66% property growth over the last 5 years.
A 7.09% growth in median value for property investors in Bundoora,3083 puts this suburb at number 210th in terms of best performing suburbs in VIC
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 -5.78% is being offered, which puts this VIC suburb at 516th most discounted overall in Australia.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
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