Melbourne has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.61% to date .
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Melbourne has fallen somewhat when compared to the 5 year average annual rate.
Property buyers and investors in Melbourne 3000 should be seeing an average reduction in asking price of around -5.46% . This means that Melbourne is holding prices well when compared to other suburbs in VIC.
Property investors should expect to get $556.5 weekly from the median priced house in this suburb.
Information supplied by:
Galldon Real Estate
03 9670 3330
0418 148 580
At number 379th in the list of Australian suburbs ordered by increase in median house value over the last year, Melbourne, 3000 is in the top 30% with a property value increase of 6.87% recorded in median house prices.
Melbourne,3000 has offered an average of 6.87% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Melbourne is offering property investors an average of -7.72. This rate of discount on properties puts Suburb at number 101th in terms of most discounted suburbs in VIC.
In the last year 983 properties changed hands in Melbourne, which puts it as the 1st most active market in VIC when comparing the number of sales per suburb.
Selling points: Consistently a contender for world’s most liveable city.
Most sought-after properties: Historic refurbished apartments, warehouse conversions, laneways
Top amenities: Has it all it’s a capital CITY
Best streets: Laneways , spring St , Collins St.