Collingwood, 3066 ranked 676th in VIC when comparing growth in median property values or capital gain over the last 12 months. Collingwood is one of 2099 in our list for VIC
Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -6.68% to buyers in Collingwood at the moment, which is less than average for the rest of VIC.
At number 1217 in a list of fastest selling suburbs, Collingwood is in the TOP 40% of suburbs in Australia with an average of days on market 68.6552 for properties listed there.
Property investors who have had real estate in Collingwood, 3066 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 7.77%
Collingwood,3066 has offered an average of 7.77% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Collingwood 3066 should be seeing an average reduction in asking price of around -4.08% . This means that Collingwood is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $26000 per annum or $500 every week.
Information supplied by:
Alana Coleman & Gillian Powell
Caine Real Estate
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