With a capital gain of -1.65% for the last 12 months, Clayton South, 3169 has performed for property investments than its average annual 6.36% property growth over the last 5 years.
Across a shorter period, Clayton South, 3169 has seen a median price increase of -1.71% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Clayton South is offering property investors an average of -5.61. This rate of discount on properties puts Suburb at number 395th in terms of most discounted suburbs in VIC
Advertised rents are around the $430 mark per week – giving a return of 2.78% based on the median price in Suburb
Investment property in Clayton South has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.13%
Clayton South,3169 was ranked 1230 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Clayton South itself are offering an average vendor discount of -5.15% to real estate investors.
Residents and property investors in Clayton South have been waiting around 71.58 days to sell a property.
With the median price for a house in Clayton South being $502500 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 4.14%
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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.