VIC has seen average median house prices change by 2.87% which means that Clayton South, 3169 has done well for property investors by showing a capital gain of -6.67% over the last year
While Clayton South,3169 ranked number 504th in VIC for increase in median house value (annualised) increase, it is ranked 480th over the last 5 years.
Sellers are offering property buyers an average discount of -4.74% to buyers in Clayton South at the moment, which is less than average for the rest of VIC.
With the median price for a house in Clayton South being $763000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.07%
Giving property investors a an average capital gain of 1.63% for the last year, Clayton South, 3169 is the 651th highest performer in Australia in this respect.
A 19.90% growth in median value for property investors in Clayton South,3169 puts this suburb at number 238th in terms of best performing suburbs in VIC
Property investors looking for a bargain in Clayton South should be aiming for at least -6.38% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Clayton South have been waiting around 93.5263 days to sell a property.
Situated 19.90km 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.