Diamond Creek, 3089 ranked 409th in VIC when comparing growth in median property values or capital gain over the last 12 months. Diamond Creek is one of 2099 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Diamond Creek has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Diamond Creek is offering property investors an average of -6.20. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC
Diamond Creek, 3089’s gross rental yield is 3.35%
Property value increases in Diamond Creek have tracked just lower than the VIC average of 3.42% over the last 12 months.
Diamond Creek,3089 was ranked 966 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.45% offered to property buyers. Sellers in Diamond Creek itself are offering an average vendor discount of -1.83% to real estate investors.
Often selling an investment property can take time, and in Diamond Creek the average time real estate has been on the market is 73.33 days.
Advertised rents are around the $405 mark per week – giving a return of 3.54% based on the median price in Suburb