Giving property investors a a solid capital gain of 19.87% for the last year, Collingwood, 3066 is the 212th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Collingwood,3066 has racked up an average of 19.87% over the period. This ranks it number 233th 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 -6.34% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -6.37% to real estate investors.
Often selling an investment property can take time, and in Collingwood the average time real estate has been on the market is 76.0741 days.
Collingwood is 419th on a list of best yielding suburbs for rents in VIC with a 3.05% return
If you compare the increase in value of investment property in Collingwood, 3066 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.46%.
Collingwood,3066 has offered an average of 4.46% return per annum in house price rises to property investors over the last three years.
Collingwood3066 is located in VIC which offers an average discount of -5.85% to property investors. Collingwood itself is showing figures that indicate -3.71% is the average achievable by property buyers investing in the suburb.
Investment property in Suburb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 9.98%
Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.56% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -7.82% to real estate investors.
On average over the past year, suburb has had 5.25 sales per month, which equates to 63 per year.
With the median price for a house in Collingwood being $730000 and the advertised rent reaching $520 the gross rental yield for property investors calculates out to be 3.70%
Selling points: 3km to CBD, one of the oldest suburbs in Melbourne, divers culture & shopping, historic buildings, 19th century dwellings.
Most sought-after properties: Warehouse conversions
Most common properties: Terraces (houses) and warehouse conversions.
Top amenities: Cafe's, Restaurants, transport link, close to gent CBD
Local industry and business: Close to EM medical, Administration Capital
Recent Changes: New developments in stanley street
Best streets: Oxford street, Stanley Street, Combridge street
Public transport: Trams on smith street/gertrude st melbourne, johnson st/ Peel st. etc.
Main arteries: Collingwood train station