VIC has seen average median house prices change by 3.76% which means that Camberwell, 3124 has done well for property investors by showing a capital gain of -9.74% over the last year
Over the longer term, Camberwell has seen property prices show investors a 7.41% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Camberwell is giving property investors an average Vendor Discount of around -7.93%. This puts suburb at number 43th in VIC when ranking the most discounted suburbs.
Camberwell is 601th on a list of best yielding suburbs for rents in VIC with a 2.06% return
Property investors who have had real estate in Camberwell, 3124 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.13%
A 39.83% growth in median value for property investors in Camberwell,3124 puts this suburb at number 92th in terms of best performing suburbs in VIC
A $460 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 5.48%.
Part of the Boroondara LGA, the large suburb of Camberwell is known for its historic houses and its peaceful, leafy streets – in fact, Camberwell is among Melbourne’s most prestigious suburbsFull summary
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Median unit price: $855,000
Rental vacancy rate: 6.5%
Three-year growth: 24.1%
Part of the Boroondara LGA, the large suburb of Camberwell is known for its historic houses and its peaceful, leafy streets – in fact, Camberwell is among Melbourne’s most prestigious suburbs.
Despite the hefty price tag, buyers have not shied away from this suburb, with demand consistent pushing values upward. Tenants, however, tell a different story as the average rental vacancy rate rose as well from 5.6% to 6.5% in the year to August 2018. The average rent rate comes in at $450 per week, with landlords reaping 2.7% returns on average.
The Burke Road shopping strip is found here, and halfway along this strip is the Camberwell railway station – a large terminal that serves the train lines for Belgrave, Lilydale and Alamein. The suburb is also connected to Burke Road, Toorak Road, Riversdale Road and Warrigal Road.Close