Melbourne is in the bottom 40% in VIC when comparing median price capital growth over the last year. Melbourne gave property investors a disappointing capital gain figure when compared to the rest of the state, with -4.78%.
Taking the average capital gain, or increase in median house value, Melbourne,3000 has racked up an average of -4.78% over the period. This ranks it number 1290th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.24% offered to property buyers. Sellers in Melbourne itself are offering an average vendor discount of -6.30% to real estate investors.
In the last year 652 properties changed hands in Melbourne, which puts it as the 1st most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $550 mark per week – giving a return of 6.53% based on the median price in 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.