Clayton South, 3169 ranked 473th in VIC when comparing growth in median property values or capital gain over the last 12 months. Clayton South is one of 2099 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clayton South has increased when compared to the 5 year average annual rate.
Clayton South3169 is located in VIC which offers an average discount of -6.54% to property investors. Clayton South itself is showing figures that indicate -6.91% is the average achievable by property buyers investing in the suburb.
Clayton South, 3169’s gross rental yield is 2.95%
At number 836th in the list of Australian suburbs ordered by increase in median house value over the last year, Clayton South, 3169 is in the BOTTOM 50% with a property value increase of -3.04% recorded in median house prices.
Across a shorter period, Clayton South, 3169 has seen a median price increase of -2.04% over the last quarter.
The most recent median price for Clayton South is $479000, with sellers offering an average of -5.91% off the asking price.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 4.15%, investors should hope to achieve an overall return of 4.67%
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Affordable suburb gains more residents
Median unit price: $432,500
Vacancy rate: 1.3%
Three-year growth: 1.8%
Also known as Westall, the suburb of Clayton South looks to be performing well, recording a drop in its average vacancy rate from 2.4% to 1.3% in the course of a year and reporting reasonable growth in the unit market.
Despite being roughly 40 minutes from the Melbourne CBD, Clayton South apartments are in good demand, with the average vendor discount rate coming in at just 2.5% while investors gain a good average yield of 4.3%.
The suburb itself is well-stocked, being home to several schools like St Andrews Primary School, Westall Secondary College and Heatherton Christian College. The Clayton Business Park provides employment opportunities. For relaxation, Rosebank Avenue is lined with shops and dining options; alternatively, residents can visit one of the many parks in the suburb.