Camberwell is an average performer in VIC when comparing median price capital growth over the last year. Camberwell gave property investors a average capital gain figure when compared to the rest of the state, with 1.08%.
The five-year average increase in median property values for Camberwell,3124 has given property investors a potential capital gain of 27.27% across each of those five years.
Property buyers and investors in Camberwell 3124 should be seeing an average reduction in asking price of around -6.09% . This means that Camberwell is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $41600 per annum or $800 every week.
Property investors who have had real estate in Camberwell, 3124 should be 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 9.68%
Taking the average capital gain, or increase in median house value, Camberwell,3124 has racked up an average of 9.68% over the period. This ranks it number 298th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Camberwell 3124 should be seeing an average reduction in asking price of around -6.32% . This means that Camberwell is holding prices well when compared to other suburbs in VIC.
On average over the past year, suburb has had 11.75 sales per month, which equates to 141 per year.
Advertised rents are around the $480 mark per week – giving a return of 2.94% based on the median price in Suburb
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Renters back down
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.