Over the last year, property investments in Rosanna, 3084 have given investors a capital gain of 7.14%. This compares averagely with the 9.37% for VIC as a whole.
When looking at the potential capital gains offered to property investors over the last 3 years, Rosanna comes in at number 643th in VIC.
Property investors should expect to get $487.5 weekly from the median priced house in this suburb.
Rosanna is in the TOP 20% in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a very good capital gain figure when compared to the rest of the state, with 16.19%.
The five-year average increase in median property values for Rosanna,3084 has given property investors a potential capital gain of 27.47% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.28% offered to property buyers. Sellers in Rosanna itself are offering an average vendor discount of -4.28% to real estate investors.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
A $420 per week rent on the median house gives suburb investors a gross yield of circa 2.84%, without taking into account capital value appreciation, which has been averaging out at 5.82%.
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If you can afford it, this Melbourne suburb has a huge amount to offer.
It’s located 12km northeast of the Melbourne CBD, but there are a range of great amenities in the suburb itself.
These include public schools such as the respected Viewbank College.
The days on market figure of 50 days is pretty decent for the Melbourne market, as is the vacancy rate of just 1.3%.
Townhouses are a popular option and there are a good range of properties that appeal to tenants.
This includes some attractive townhouses on Waiora Road, which are well located and more reasonably priced (less than $650,000).
For investors looking for a house that is more affordable than the median price and still good value, there are some good opportunities on Lower Plenty Road.
Three- or four-bedroom houses on big blocks can be bought there for less than $750,000.
These properties are in close proximity to Rosanna Station, great shopping options, cafes and restaurants.