Noble Park is in the bottom 30% in VIC when comparing median price capital growth over the last year. Noble Park gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.64%.
Noble Park,3174 has offered an average of -2.64% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Noble Park should be aiming for at least -8.75% off the asking price, which is the average vendor discount being achieved at the moment.
On average over the past year, suburb has had 18.42 sales per month, which equates to 221 per year.
Renters in Suburb are facing rents around $20280 per annum or $390 every week.
Over the last year, property investments in Noble Park, 3174 have given investors a capital gain of -2.92%. This compares very badly with the 6.11% for VIC as a whole.
While Noble Park,3174 ranked number 153th in VIC for increase in median house value (annualised) increase, it is ranked 56th over the last 5 years.
Vendor discounting in Noble Park is giving property investors an average Vendor Discount of around -7.29%. This puts suburb at number 44th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 17.25 sales per month, which equates to 207 per year.
With the median price for a house in Noble Park being $466000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.91%