Camberwell is in the bottom 20% in VIC when comparing median price capital growth over the last year. Camberwell gave property investors a dismal capital gain figure when compared to the rest of the state, with -8.84%.
Across a shorter period, Camberwell, 3124 has seen a median price increase of -5.54% over the last quarter.
Camberwell, 3124 is offering VIC ‘s 147th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
Advertised rents are around the $800 mark per week – giving a return of 2.12% based on the median price in Suburb
With a capital gain of -15.57% for the last 12 months, Camberwell, 3124 has performed for property investments than its average annual 4.02% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Camberwell has given property investors a paper return of -16.07%. This puts Suburb as 341 on a list of fastest fasting appreciating suburbs in VIC
Property buyers and investors in Camberwell 3124 should be seeing an average reduction in asking price of around -8.15% . This means that Camberwell is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Camberwell being $705000 and the advertised rent reaching $465 the gross rental yield for property investors calculates out to be 3.43%
Information supplied by:
Renters back down
Median unit price: $855,000
Rental vacancy rate: 6.5%
Three-year growth: 24.1%
Part of the Boroondara LGA, the large suburb of Camberwell is known for its historic houses and its peaceful, leafy streets – in fact, Camberwell is among Melbourne’s most prestigious suburbs.
Despite the hefty price tag, buyers have not shied away from this suburb, with demand consistent pushing values upward. Tenants, however, tell a different story as the average rental vacancy rate rose as well from 5.6% to 6.5% in the year to August 2018. The average rent rate comes in at $450 per week, with landlords reaping 2.7% returns on average.
The Burke Road shopping strip is found here, and halfway along this strip is the Camberwell railway station – a large terminal that serves the train lines for Belgrave, Lilydale and Alamein. The suburb is also connected to Burke Road, Toorak Road, Riversdale Road and Warrigal Road.