Giving property investors a a poor capital gain of -15.68% for the last year, Camberwell, 3124 is the 3796th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Camberwell comes in at number 635th in VIC.
Sellers are offering property buyers an average discount of -7.54% to buyers in Camberwell at the moment, which is less than average for the rest of VIC.
Property value increases in Camberwell have tracked lower than the VIC average of 0.10% over the last 12 months.
While Camberwell,3124 ranked number 143th in VIC for increase in median house value (annualised) increase, it is ranked 212th over the last 5 years.
Property investors looking for a bargain in Camberwell should be aiming for at least -7.02% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $470 mark per week – giving a return of 3.22% based on the median price in Suburb
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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.