Property investors have seen a 5.42% gain in COLLINGWOOD based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains COLLINGWOOD, 3066 saw average growth in the long term.
The VIC 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 $1,265,000
Profits averaged -1% per annum over a 3-year period, due to an downward trend in home prices in COLLINGWOOD, 3066.
This means, real estate investors could earn a rental income of $720 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 2.96%.
An average of 4.5 real estate transactions take place per month in COLLINGWOOD which translates to 54 per annum.
Property investments in COLLINGWOOD did not fare well against the rest of the country last year, registering a median home price decrease of 1.63%.
Figures from the previous quarter show that capital gains for real estate buyers in COLLINGWOOD are high, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains COLLINGWOOD, 3066 saw average decrease in the long term.
This means, real estate investors could earn a rental income of $680 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 COLLINGWOOD, homes and units usually stay on listing for an average of 47 days.
the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $625,000
Investors saw the median home price rise to $625,000.
COLLINGWOOD ranks 35th on the list of best yielding suburbs for rental properties in VIC, posting a 5.66% return.