Investment property in Nunawading has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.46%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Nunawading has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Nunawading is offering property investors an average of -5.19. This rate of discount on properties puts Suburb at number 177th in terms of most discounted suburbs in VIC
Residents and property investors in Nunawading have been waiting around 48.5 days to sell a property.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.17%, without taking into account capital value appreciation, which has been averaging out at 8.54%.
Giving property investors a an unimpressive capital gain of -3.95% for the last year, Nunawading, 3131 is the 1278th highest performer in Australia in this respect.
Over the longer term, Nunawading has seen property prices show investors a 25.52% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Nunawading are currently offering property investors an average price cut of -3.91% below the asking price at the moment.
Nunawading is 316th on a list of best yielding suburbs for rents in VIC with a 3.11% return