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Clifton Hill
AREA REPORTS

Clifton Hill

Clifton Hill - 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.

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 0.15% for the past year.

Investors saw the median home price rise to $1,350,000.

Profits due to an downward trend in home prices in the suburb averaged -1.19% per annum over a 3-year period.

CLIFTON HILL now ranks at the 553rd 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 $700 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 76.8 days.

In 2016, 56 properties were sold in CLIFTON HILL during the past year, making it the 179th most active market in VIC based on total real estate transactions.

Data report can be found below

Clifton Hill
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,350,000 $875,000
GROWTH REPORT
Median Quarterly -1.82% 0%
Median 12 month 0.15% 20.36%
Median 3 years -3.57% 28.69%
Median 5 years 25.58% 31.58%
10 years average annual 5.22% 6.43%
Weekly media advert. rent $700 $430
Time on Market 76.8 days 46.6 days
Gross Rental Yield Percent 2.7% 2.56%
demographics (median values)*
Total Population
18662
Weekly Household Income
2039
Household Size
2.30
Age
36
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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