Brunswick, 3056 ranked 535th in VIC when comparing growth in median property values or capital gain over the last 12 months. Brunswick is one of 2099 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brunswick has increased when compared to the 5 year average annual rate.
Property buyers and investors in Brunswick 3056 should be seeing an average reduction in asking price of around -4.43% . This means that Brunswick is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 17.17 sales per month, which equates to 206 per year.
Using the current median advertised rental of $600 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 2.97%
Brunswick has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 12.55% to date .
Comparing Brunswick,3056 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Brunswick3056 is located in VIC which offers an average discount of -5.98% to property investors. Brunswick itself is showing figures that indicate -4.32% is the average achievable by property buyers investing in the suburb.
At number 205 in a list of fastest selling suburbs, Brunswick is in the TOP 20% of suburbs in Australia with an average of days on market 55.4488 for properties listed there.
Advertised rents are around the $450 mark per week – giving a return of 4.14% based on the median price in Suburb
Information supplied by:
Median House Price: $1,000,000
Current Yield (houses): 3.2%
Average annual growth (houses): 6.8%
Median Unit Price: $530,000
Current Yield (units): 4.4%
Average annual growth (units): 3.1%
Amenities are a big part of what generates demand, and the multicultural suburb of Brunswick offers a wealth of it.
“Brunswick has been gentrifying over the past five years and is a very popular suburb with young people,” says REA Group Chief Economist Nerida Conisbee.
“This is leading to a lot of renovation activity and the homes in Brunswick continue to improve. The area has great cafes and restaurants, is close to central Melbourne and has easy access to a number of universities.”