Collingwood is in the bottom 10% in VIC when comparing median price capital growth over the last year. Collingwood gave property investors a dismal capital gain figure when compared to the rest of the state, with -18.71%.
The five-year average increase in median property values for Collingwood,3066 has given property investors a potential capital gain of 22.47% across each of those five years.
The most recent median price for Collingwood is $877500, with sellers offering an average of -7.08% off the asking price.
At number 1287 in a list of fastest selling suburbs, Collingwood is in the TOP 40% of suburbs in Australia with an average of days on market 68.5357 for properties listed there.
The VIC suburb of Collingwood, 3066 is in the Yarra (C) local government area.
Giving property investors a a solid capital gain of 6.70% for the last year, Collingwood, 3066 is the 274th highest performer in Australia in this respect.
Comparing Collingwood,3066 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
The most recent median price for Collingwood is $576500, with sellers offering an average of -4.30% off the asking price.
Collingwood is 98th on a list of best yielding suburbs for rents in VIC with a 4.65% return
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