AREA REPORTS

Clifton Hill

 

 

VIC/
Clifton hill

Suburb Profile

Clifton Hill - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3068

house
unit

CLIFTON HILL, 3068 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 $1,325,000.

Profits due to an upward trend in home prices in the suburb averaged 7.19% per annum over a 3-year period.

CLIFTON HILL now ranks at the 540th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $675 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CLIFTON HILL, homes and units usually stay on listing for an average of 50.4 days.

In 2016, 69 properties were sold in CLIFTON HILL during the past year, making it the 112th most active market in VIC based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,325,000 $695,000
GROWTH REPORT
Median Quarterly -4.42% -7.21%
Median 12 month -5.36% 5.78%
Median 3 years 21.56% 2.81%
Median 5 years 53.62% -2.8%
10 years average annual 7.54% 8.06%
Weekly media advert. rent $675 $450
Time on Market 50.4 days 36.3 days
Gross Rental Yield Percent 2.65% 3.37%
demographics (median values)
Total Population
5387
Weekly Household Income
1540
Household Size
2.20
demographics
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