Over the last year, property investments in Emerald, 3782 have given investors a capital gain of -3.56%. This compares very badly with the 2.87% for VIC as a whole.
Over the longer term, Emerald has seen property prices show investors a 20.00% return over the last 3 years. This is worse than over the last 12 months
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 Emerald, 3782. Typically our figures indicate that -7.33% is being offered, which puts this VIC suburb at 933th most discounted overall in Australia.
In the last year 71 properties changed hands in Emerald, which puts it as the 327th most active market in VIC when comparing the number of sales per suburb.
Emerald is 330th on a list of best yielding suburbs for rents in VIC with a 3.38% return
Information supplied by:
Harcourts Essential Real Estate
Emerald is a town offering semi rural lifestyle situated approx 44km from the c.b.d. The population as of 2011 census was 5.800. The main attraction is puffing billy and emerald lake, the annual puffing billy great train race occurs every 12 months.
Excellent lifestyle , numerous parks and attractions, emerald lake park.
Most sought-after properties:
Contemporary homes mixed with character cottages and timber homes
Most common properties:
Quaint timber cottages
Parks, gardens gymnasium, cafes and retailshops.
Local industry and business:
Primarily tourist and retail businesses
New police station being built, gemco players hall.
Emerald Monbulk road, lakeside drive, emerald lake road
Public transport: buses
Main arteries: Wellington rd with direct access to eastlink and monash freeway