At number 53th in the list of Australian suburbs ordered by increase in median house value over the last year, Collingwood, 3066 is in the top 10% with a property value increase of 33.07% recorded in median house prices.
A 44.57% growth in median value for property investors in Collingwood,3066 puts this suburb at number 193th in terms of best performing suburbs in VIC
Often selling an investment property can take time, and in Collingwood the average time real estate has been on the market is 49.2353 days.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
Collingwood has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.82% to date .
A 9.30% growth in median value for property investors in Collingwood,3066 puts this suburb at number 80th in terms of best performing suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Collingwood, 3066. Typically our figures indicate that -3.09% is being offered, which puts this VIC suburb at 565th most discounted overall in Australia.
Residents and property investors in Collingwood have been waiting around 51.0517 days to sell a property.
The VIC suburb of Collingwood, 3066 is in the Yarra (C) local government area.
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