Over the last year, property investments in Collingwood, 3066 have given investors a capital gain of 20.08%. This compares very favourably with the 8.40% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Collingwood comes in at number 496th in VIC.
Residents and property investors in Collingwood have been waiting around 49 days to sell a property.
Property investors should expect to get $697.5 weekly from the median priced house in this suburb.
With a capital gain of 6.84% for the last 12 months, Collingwood, 3066 has performed for property investments than its average annual 1.68% property growth over the last 5 years.
The five-year average increase in median property values for Collingwood,3066 has given property investors a potential capital gain of 14.68% across each of those five years.
Collingwood, 3066 is offering VIC ‘s 137th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Collingwood, 3066’s gross rental yield is 4.08%
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