If you compare the increase in value of investment property in Diamond Creek, 3089 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.27%.
When looking at the potential capital gains offered to property investors over the last 3 years, Diamond Creek comes in at number 317th in VIC.
Our latest figures would indicate that property sellers in Diamond Creek are currently offering property investors an average price cut of -6.69% below the asking price at the moment.
At number 346 in a list of fastest selling suburbs, Diamond Creek is in the TOP 10% of suburbs in Australia with an average of days on market 50.6944 for properties listed there.
With the median price for a house in Diamond Creek being $739000 and the advertised rent reaching $490 the gross rental yield for property investors calculates out to be 3.45%
Investment property in Diamond Creek has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.29%
Diamond Creek,3089 has offered an average of 0.29% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Diamond Creek 3089 should be seeing an average reduction in asking price of around -5.42% . This means that Diamond Creek is holding prices well when compared to other suburbs in VIC.
In the last year 28 properties changed hands in Diamond Creek, which puts it as the 203th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 5.45%, investors should hope to achieve an overall return of 3.80%