BROOKLYN, 3012 ranks 2059th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 5.21% for property investors.
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $757,500.
The upward trend in home prices in BROOKLYN, 3012 averaged 12.79% per annum over a 3-year period.
Average weekly rents on listings have reached the $407.5 mark, reflecting a 2.8% increase in returns based on the current median price in BROOKLYN.
An average of 1.58 real estate transactions take place per month in BROOKLYN which translates to 19 per annum.
19 properties were sold in BROOKLYN in 2016, making it the 475th most active market in VIC based on total real estate transactions.
BROOKLYN, 3012 places 644th in Australia based on median property value growth during the quarter.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $560,000.
Average median unit prices in VIC have risen as a whole, pulling BROOKLYN, 3012 values up and netting property investors a capital gain of 13.13% for the past year.
Investors saw the median home price rise to $560,000.
The upward trend in home prices in BROOKLYN, 3012 averaged 10.85% per annum over a 3-year period.
BROOKLYN now ranks at the 119th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in BROOKLYN are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In BROOKLYN, homes and units usually stay on listing for an average of 40.2 days.
36 properties were sold in BROOKLYN in 2016, making it the 149th most active market in VIC based on total real estate transactions.
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