Clayton South has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.07% to date .
Clayton South,3169 was ranked 2070 in Australia by increase in median property value over the quarter.
Sellers are offering property buyers an average discount of -5.61% to buyers in Clayton South at the moment, which is less than average for the rest of VIC.
Renters in Suburb are facing rents around $21840 per annum or $420 every week.
Clayton South has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 34.96% to date .
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Clayton South, 3169. Typically our figures indicate that -6.16% is being offered, which puts this VIC suburb at 411th most discounted overall in Australia.
Advertised rents are around the $380 mark per week – giving a return of 3.42% based on the median price in Suburb
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 marketFull summary
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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.