Camberwell

POSTAL CODE: VIC, 3124
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A steady increase in median property prices over a five-year period in the suburb translates to a -3.21% 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 $2,565,500

The augmented property values in the suburb are trailing behind the territorial average of 2.91% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $950.

Home owners selling their properties and realtors in CAMBERWELL usually have to wait an average of 58.7 days days before their assets are lifted off the market.

The VIC suburb ranks 557th on the list of best yielding suburbs for rental properties in VIC, posting a 1.93% return.

It also places places 583rd in Australia based on median property value growth during the quarter.

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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