Collingwood is in the TOP 10% in VIC when comparing median price capital growth over the last year. Collingwood gave property investors a very good capital gain figure when compared to the rest of the state, with 27.74%.
If we look at median property appreciation over just the last three months, Collingwood has given property investors a paper return of 3.60%. This puts Suburb as 134 on a list of fastest fasting appreciating suburbs in VIC
Renters in Suburb are facing rents around $31200 per annum or $600 every week.
With a capital gain of 4.80% for the last 12 months, Collingwood, 3066 has performed for property investments than its average annual 2.12% 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 3.45% across each of those five years.
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 -2.65% is being offered, which puts this VIC suburb at 613th most discounted overall in Australia.
Collingwood, 3066’s gross rental yield is 4.07%
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