Brooklyn

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 $595,000.

Average median unit prices in VIC have risen as a whole, pulling BROOKLYN, 3012 values up and netting property investors a capital gain of 7.21% for the past year.

Investors saw the median home price rise to $595,000.

The upward trend in home prices in BROOKLYN, 3012 averaged 2.4% per annum over a 3-year period.

BROOKLYN now ranks at the 246th 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 $420 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 43.2 days.

24 properties were sold in BROOKLYN in 2016, making it the 201st most active market in VIC based on total real estate transactions.