At number 3472th in the list of Australian suburbs ordered by increase in median house value over the last year, Clayton South, 3169 is in the BOTTOM 20% with a property value increase of -10.89% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Clayton South comes in at number 473th in VIC.
Property buyers and investors in Clayton South 3169 should be seeing an average reduction in asking price of around -6.08% . This means that Clayton South is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Clayton South being $750000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.12%
Property value increases in Clayton South have tracked just lower than the VIC average of 0.68% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Clayton South has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Clayton South is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 106th in terms of most discounted suburbs in VIC
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Affordable suburb gains more residents
Median unit price: $432,500
Vacancy rate: 1.3%
Three-year growth: 1.8%
Also known as Westall, the suburb of Clayton South looks to be performing well, recording a drop in its average vacancy rate from 2.4% to 1.3% in the course of a year and reporting reasonable growth in the unit market.
Despite being roughly 40 minutes from the Melbourne CBD, Clayton South apartments are in good demand, with the average vendor discount rate coming in at just 2.5% while investors gain a good average yield of 4.3%.
The suburb itself is well-stocked, being home to several schools like St Andrews Primary School, Westall Secondary College and Heatherton Christian College. The Clayton Business Park provides employment opportunities. For relaxation, Rosebank Avenue is lined with shops and dining options; alternatively, residents can visit one of the many parks in the suburb.