With a capital gain of -4.76% for the last 12 months, Clayton South, 3169 has performed for property investments than its average annual 6.43% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Clayton South,3169 has racked up an average of -4.76% over the period. This ranks it number 1255th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Clayton South 3169 should be seeing an average reduction in asking price of around -7.15% . This means that Clayton South is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Clayton South has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -21.45% to date .
Taking the average capital gain, or increase in median house value, Clayton South,3169 has racked up an average of -21.45% over the period. This ranks it number 1042th in the whole country for real estate investors looking at median house price increases.
At number 123th of VIC’s most discounted properties, Clayton South is in the middle of the state/territory when listing in order of most discounted to least.
Residents and property investors in Clayton South have been waiting around 73.2759 days to sell a property.
Situated 19.85km from the CBD, Clayton South is one of Kingston (C) (Vic.) localities in the postcode 3169.
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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.