Property investors who have had real estate in Flemington, 3031 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -16.78%
Flemington,3031 has offered an average of -16.78% return per annum in house price rises to property investors over the last three years.
At number 685th of VIC’s most discounted properties, Flemington is in the TOP 10% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.25 sales per month, which equates to 51 per year.
Renters in Suburb are facing rents around $27560 per annum or $530 every week.
VIC has seen average median house prices change by 3.42% which means that Flemington, 3031 has done well for property investors by showing a capital gain of 0.36% over the last year
A 12.17% growth in median value for property investors in Flemington,3031 puts this suburb at number 264th in terms of best performing suburbs in VIC
At number 263th of VIC’s most discounted properties, Flemington is in the TOP 20% of the state/territory when listing in order of most discounted to least.
The VIC suburb of Flemington, 3031 is in the Moonee Valley (C) local government area.
![]()
Information supplied by:
M
O
W
E
WBP’s Sean Thomson suggests that it’s becoming hard to buy well in Flemington’s house market, as prices have gone up so substantially in recent times. “It’s become a very popular area. If you can get into the area, I’d be concentrating on the apartment market,” he says.
Full summary
WBP’s Sean Thomson suggests that it’s becoming hard to buy well in Flemington’s house market, as prices have gone up so substantially in recent times. “It’s become a very popular area. If you can get into the area, I’d be concentrating on the apartment market,” he says.
Units have been more than holding their own compared to houses, and their median price offers an entry point that's realistic on an investor budget.
“I would be concentrating on either one- or two-bedroom apartments,” says Thomson. “As an investor I’d stay away from three-bedrooms. With the investor market, if you buy a one- or two-bedroom apartment, in a 10 to 15-year time period you’re going to have better growth and more opportunity with buyers in the long-term. The three-bedroom market is mainly homebuyers rather than homebuyers and investors.”
He adds that Flemington, like a lot of Melbourne’s popular inner-ring suburbs, offers the kind of lifestyle and amenities that the city’s urban go-getters look for.
“The village lifestyle is becoming very important, where people eat out for breakfast lunch and dinner. So if you’re close to 24-7 wining and dining, but also parks and public transport then your property’s going to become more and more popular as time goes on.”
And with half of Flemington’s population being renters, according to ABS data, it appears that the local demographics support Thomson’s thinking.
Close