Clifton Hill

POSTAL CODE: VIC, 3068
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CLIFTON HILL, 3068 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling CLIFTON HILL, 3068 values up and netting property investors a capital gain of 6.07% for the past year.

Investors saw the median home price rise to $1,617,500.

Profits due to an downward trend in home prices in the suburb averaged -2.35% per annum over a 3-year period.

CLIFTON HILL now ranks at the th 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 $850 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 67.2 days.

In 2016, 71 properties were sold in CLIFTON HILL during the past year, making it the 103rd most active market in VIC based on total real estate transactions.

Surburb overview

Clifton Hill, located approximately 4 kilometres northeast of Melbourne's Central Business District, is an inner-city suburb within the City of Yarra, Victoria. As of the 2021 census, it had 6,606 residents.

The suburb covers an area of about 1.57 square kilometres and is known for its Victorian and Edwardian architecture, including well-preserved terraces and cottages. Clifton Hill is renowned for its wide, tree-lined streets and abundant green spaces, contributing to its village-like atmosphere.

Demographically, Clifton Hill has a median age of 37. Professionals, singles, and families with children predominantly occupy the area. Households are primarily childless couples, and many residents work in professional occupations.

Public transportation in Clifton Hill is well-developed, offering residents multiple options. The suburb is accessible to Clifton Hill railway station, a premium station where two lines converge, which ensures frequent train services to Melbourne's city centre. Several routes, including the 86 tram and bus services, enhance connectivity to neighbouring suburbs.

Essential amenities are readily accessible to Clifton Hill residents. The suburb boasts a variety of cafes, shops, and services, particularly along Queens Parade. The proximity to the Eastern Freeway facilitates convenient travel to other parts of Melbourne. Educational institutions like Clifton Hill Primary School serve the local community.

Recreational opportunities are abundant in Clifton Hill. The suburb has extensive parklands, including the Yarra Bend Park and Merri Creek Trail, offering residents access to walking and cycling paths, picnic areas, and natural bushland. The Darling Gardens and Quarries Park provide additional green spaces for leisure activities.

Clifton Hill offers a range of housing options. The median property price is approximately $1,530,000, and annual capital growth is -7.27%. Rental yields are around 2.76%, and the median weekly rent is $800.

Clifton Hill presents a blend of historical charm, cultural diversity, and urban convenience, making it a notable suburb within Melbourne's inner north.

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