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CollingwoodCollingwood - SUBURB PROFILE REPORT
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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 Price | $1,181,000 | $667,500 |
| GROWTH REPORT | ||
| Median Quarterly | 1.72% | 1.91% |
| 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% |
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