Collingwood has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.77% to date .
Collingwood,3066 was ranked 3874 in Australia by increase in median property value over the quarter.
Renters in Suburb are facing rents around $33800 per annum or $650 every week.
Investment property in Collingwood has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.13%
Over the longer term, Collingwood has seen property prices show investors a 17.19% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.19% offered to property buyers. Sellers in Collingwood itself are offering an average vendor discount of -3.86% to real estate investors.
Situated 2.29km from the CBD, Collingwood is one of Yarra (C) localities in the postcode 3066.
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