VIC has seen average median house prices change by -1.79% which means that Rosanna, 3084 has not done well for property investors by showing a capital gain of -13.69% over the last year
Across a shorter period, Rosanna, 3084 has seen a median price increase of 0.00% over the last 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 Rosanna, 3084. Typically our figures indicate that -7.81% is being offered, which puts this VIC suburb at 1005th most discounted overall in Australia.
Rosanna is in the bottom 10% in VIC when comparing median price capital growth over the last year. Rosanna gave property investors a dismal capital gain figure when compared to the rest of the state, with -16.05%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rosanna has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Rosanna is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 46th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $23400 per annum or $450 every week.
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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.