VIC has seen average median house prices change by 2.87% which means that Nunawading, 3131 has done well for property investors by showing a capital gain of 2.58% over the last year
Nunawading,3131 was ranked 696 in Australia by increase in median property value over the quarter.
Nunawading3131 is located in VIC which offers an average discount of -6.51% to property investors. Nunawading itself is showing figures that indicate -4.78% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Nunawading the average time real estate has been on the market is 43.2885 days.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 2.37%, without taking into account capital value appreciation, which has been averaging out at 6.89%.
If you compare the increase in value of investment property in Nunawading, 3131 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 17.05%.
Comparing Nunawading,3131 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
The most recent median price for Nunawading is $714000, with sellers offering an average of -3.29% off the asking price.
On average over the past year, suburb has had 4.00 sales per month, which equates to 48 per year.
Advertised rents are around the $420 mark per week – giving a return of 3.06% based on the median price in Suburb