If you compare the increase in value of investment property in Clarinda, 3169 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 9.75%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clarinda has increased when compared to the 5 year average annual rate.
Vendor discounting in Clarinda is giving property investors an average Vendor Discount of around -3.08%. This puts suburb at number 573th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 4.08 sales per month, which equates to 49 per year.
At number 179th in the list of Australian suburbs ordered by increase in median house value over the last year, Clarinda, 3169 is in the top 20% with a property value increase of 18.88% recorded in median house prices.
Over the longer term, Clarinda has seen property prices show investors a 44.73% return over the last 3 years. This is worse than over the last 12 months
A $405 per week rent on the median house gives suburb investors a gross yield of circa 3.16%, without taking into account capital value appreciation, which has been averaging out at 6.56%.