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 14.05% for the past year.
Investors saw the median home price rise to $1,400,000.
Profits due to an upward trend in home prices in the suburb averaged 14.9% per annum over a 3-year period.
CLIFTON HILL now ranks at the 464th 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 40.1 days.
In 2016, 81 properties were sold in CLIFTON HILL during the past year, making it the 64th most active market in VIC based on total real estate transactions.
CLIFTON HILL ranks 282nd in VIC when it comes to estimated capital gains experienced by property investors over the past three years.
CLIFTON HILL, 3068 has a capital gain of -4.63% for the past year, which is lower than average compared to its 27.22% growth within a five-year period.
With the median home price in CLIFTON HILL sitting at $659,000, and the average rent at $400, property owners could potentially earn a 3.16% increase in gross rental yield.
Property investors have seen a 0.61% gain in CLIFTON HILL based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that CLIFTON HILL, 3068 obtained a 6.11% growth over a ten-year period. It ranks 507th on our list of suburbs that property investors should look into.