Camberwell

POSTAL CODE: VIC, 3124

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a -7.31% capital gain.

It 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 $2,410,000

The augmented property values in the suburb are trailing behind the territorial average of 4.2% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $1100.

Home owners selling their properties and realtors in CAMBERWELL usually have to wait an average of 68.1 days days before their assets are lifted off the market.

The VIC suburb ranks 544th on the list of best yielding suburbs for rental properties in VIC, posting a 2.37% return.

It also places places 632nd in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 4.72% over the last 12 months in CAMBERWELL, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that CAMBERWELL, 3124 obtained a 3.16% growth over a ten-year period. It ranks 1208th on our list of suburbs that property investors should look into.

CAMBERWELL, 3124 has a capital gain of 4.72% for the past year, which is higher than average compared to its 9.04% growth within a five-year period.

With the median home price in CAMBERWELL sitting at $965,000, and the average rent at $650, property owners could potentially earn a 3.5% increase in gross rental yield.

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

CAMBERWELL, 3124 in VIC belongs to the local government area of Boroondara.

Surburb overview

Camberwell is a prestigious suburb located approximately 10 kilometres east of Melbourne's Central Business District. According to the 2021 Census, its population is 21,965, with a median age of 43.

The suburb is well-served by public transportation, including several tram routes and the Camberwell railway station, providing residents convenient access to Melbourne and surrounding areas.

Camberwell offers essential establishments, including numerous retail outlets, dining options, and healthcare facilities. The suburb is known for its vibrant shopping precinct along Burke Road, which features a mix of boutiques, cafes, and restaurants. The Camberwell Sunday Market is a popular attraction, offering a range of second-hand goods and collectibles.

Recreational activities in Camberwell are diverse, with several parks and green spaces available for residents. The suburb contains several public recreation areas, many of which retain layouts from the 19th century. Camberwell is also home to various sporting clubs, including the Camberwell Magpies Cricket Club and the Camberwell Hockey Club.

In terms of housing, the median property price for a house in Camberwell is approximately $2,602,501, with an annual capital growth of 1.46%. Rental yields for houses are currently around 2.15%, with a median weekly rent of $930.

Camberwell offers a blend of residential living with access to essential services and recreational opportunities, all close to Melbourne's city centre.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$2,410,000	$965,000
Growth Report
Median Quarterly	-5.49%	0.26%
Median 12 month	-7.93%	4.72%
Median 3 years	-7.31%	-1.53%
Median 5 years	0.21%	9.04%
10 years average annual	2.73%	3.16%
Weekly media advert. rent	$1,100	$650
Time on Market	68.1 days	52.7 days
Gross Rental Yield Percent	2.37%	3.5%

Demographics (Median Values)*

Total Population 22094

Weekly Household Income 2195

Household Size 2.70

Average Age 41

Monthly Loan Repayment 2500

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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