VIC has seen average median house prices change by 11.73% which means that Doncaster East, 3109 has done well for property investors by showing a capital gain of 11.24% over the last year
Doncaster East,3109 has offered an average of 11.24% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Doncaster East is giving property investors an average Vendor Discount of around -13.73%. This puts suburb at number 3rd in VIC when ranking the most discounted suburbs.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 1.96%, without taking into account capital value appreciation, which has been averaging out at 9.86%.
Giving property investors a an unimpressive capital gain of -4.33% for the last year, Doncaster East, 3109 is the 1365th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Doncaster East comes in at number 238th in VIC.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 4.77%, investors should hope to achieve an overall return of 3.57%
Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live. Full summary
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Doncaster East is a great suburb, perfect for people of all ages. Offering excellent schools, parks, shopping, easy access to the CBD plus a very quiet and safe place to live.
Close to schools, local shopping, Westfield Doncaster, family friendly.
Most sought-after properties:
Family homes in East Doncaster school zone or Doncaster Gardens Primary.
Most common properties:
1960’s/1970’s 3 bedroom, L shape lounge/dining.
East Doncaster Secondary College, Doncaster Gardens, Ruffey Lake Park.
Local industry and business:
Devon Plaza, The Pines, Jackson Court and Donburn shopping centres.
60km zone on Blackburn Road.
Deep Creek Drive, Milgate Estate.
Buses to city and train station.
Doncaster Road, Blackburn Road, Eastern Freeway, King Street, Georges Road.