Over the last year, property investments in Collingwood, 3066 have given investors a capital gain of 17.50%. This compares badly with the 22.78% for VIC as a whole.
Collingwood,3066 was ranked 360 in Australia by increase in median property value over the quarter.
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 0.00% is being offered, which puts this VIC suburb at 2335th most discounted overall in Australia.
Often selling an investment property can take time, and in Collingwood the average time real estate has been on the market is 67.5833 days.
Collingwood is 85th on a list of best yielding suburbs for rents in VIC with a 5.21% return
Collingwood has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.82% to date .
Collingwood,3066 has offered an average of 20.82% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Collingwood are currently offering property investors an average price cut of -3.59% below the asking price at the moment.
Using the current median advertised rental of $577.5 and the average annual increase in value of a median property of 8.79%, investors should hope to achieve an overall return of 4.50%
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