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The winds of change are sweeping through the country’s real estate market, but for Property Investment Professionals o...
Property investors enjoyed capital gains of 6.01% over the last 12 months in CARLTON, 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 6.66% growth over a ten-year period. It ranks 1617th on our list of suburbs that property investors should look into.
CARLTON, 3053 has a capital gain of 6.01% for the past year, which is lower than average compared to its 42.38% growth within a five-year period.
With the median home price in CARLTON sitting at $1,500,000, and the average rent at $650, property owners could potentially earn a 2.25% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in CARLTON are low, as opposed to average gains per annum over the past five years.
CARLTON, 3053 in VIC belongs to the local government area of Melbourne (C).
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||6.01%||43.16%|
|Median 3 years||17.65%||30.43%|
|Median 5 years||42.38%||2%|
|10 years average annual||6.66%||3.59%|
|Weekly media advert. rent||$650||$340|
|Time on Market||67.6 days||90.1 days|
|Gross Rental Yield Percent||2.25%||3.47%|