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Property investors have seen a 1.72% 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 $1,181,000
Profits averaged 1.82% per annum over a 3-year period, due to an upward trend in home prices in COLLINGWOOD, 3066.
This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.
The gross rental yield in COLLINGWOOD, 3066 is 2.86%.
An average of 3 real estate transactions take place per month in COLLINGWOOD which translates to 36 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.6%||11.34%|
|Median 3 years||5.45%||8.1%|
|Median 5 years||34.59%||22.48%|
|10 years average annual||5.79%||2.53%|
|Weekly media advert. rent||$650||$460|
|Time on Market||61.1 days||57.9 days|
|Gross Rental Yield Percent||2.86%||3.58%|