Investment property in Rosanna 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 25.23%
Rosanna,3084 has offered an average of 25.23% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Rosanna is offering property investors an average of -1.95. This rate of discount on properties puts Suburb at number 360th in terms of most discounted suburbs in VIC
The VIC suburb of Rosanna, 3084 is in the Banyule (C) local government area.
Over the last year, property investments in Rosanna, 3084 have given investors a capital gain of 21.35%. This compares averagely with the 22.48% for VIC as a whole.
Comparing Rosanna,3084 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Rosanna is $791500, with sellers offering an average of -2.49% off the asking price.
In the last year 62 properties changed hands in Rosanna, which puts it as the 179th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $465 weekly from the median priced house in this suburb.
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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.