If you compare the increase in value of investment property in Clayton South, 3169 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.72%.
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.
Using the current median advertised rental of $430 and the average annual increase in value of a median property of 6.32%, investors should hope to achieve an overall return of 2.73%
At number 420th in the list of Australian suburbs ordered by increase in median house value over the last year, Clayton South, 3169 is in the top 30% with a property value increase of 7.98% recorded in median house prices.
While Clayton South,3169 ranked number 353th in VIC for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.51% offered to property buyers. Sellers in Clayton South itself are offering an average vendor discount of -3.45% to real estate investors.
Advertised rents are around the $390 mark per week – giving a return of 4.00% based on the median price in Suburb
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 marketFull summary
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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.