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Jacana

POSTAL CODE: VIC, 3047
HOUSE

Property investors enjoyed capital gains of 8% over the last 12 months in JACANA, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.35% growth over a ten-year period. It ranks 2440th on our list of suburbs that property investors should look into.

JACANA, 3047 has a capital gain of 8% for the past year, which is higher than average compared to its 15.71% growth within a five-year period.

With the median home price in JACANA sitting at $648,000, and the average rent at $480, property owners could potentially earn a 3.85% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in JACANA are low, as opposed to average gains per annum over the past five years.

JACANA, 3047 in VIC belongs to the local government area of Hume.

Surburb overview

Jacana is a residential suburb in the City of Hume, approximately 14 kilometres north of Melbourne's Central Business District (CBD). According to the 2021 census, It has a population of 2,187. 

The suburb is well-connected by public transportation. Jacana railway station on the Craigieburn line provides regular train services to the CBD and surrounding areas.  Additionally, several bus routes operate within Jacana, offering convenient links to neighbouring suburbs and critical destinations.

Jacana features several shopping precincts, notably along Pascoe Vale Road, offering various retail and dining options. Essential services such as banks, post offices, and supermarkets are available, catering to residents' daily needs. 

For recreational activities, the suburb boasts Jacana Reserve, providing facilities for various sports and leisure activities. The Moonee Ponds Creek Trail runs through the area, offering scenic routes for walking and cycling. Parks and green spaces are abundant, contributing to the suburb's appeal for families and outdoor enthusiasts. 

Jacana presents a blend of residential living with convenient access to public transport, essential services, and recreational facilities, making it a well-rounded suburb within Melbourne's northern region. 

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