A steady increase in median property prices over a five-year period in the suburb translates to a 60% 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 $680,000
The augmented property values in the suburb are trailing above the territorial average of 9.93% in 2016.
On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $375.
Home owners selling their properties and realtors in NOBLE PARK NORTH usually have to wait an average of 46.7 days days before their assets are lifted off the market.
The VIC suburb ranks 373rd on the list of best yielding suburbs for rental properties in VIC, posting a 2.87% return.
It also places places 106th in Australia based on median property value growth during the quarter.
Property investors enjoyed capital gains of 3.33% over the last 12 months in NOBLE PARK NORTH, 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 NOBLE PARK NORTH, 3174 obtained a 6.9% growth over a ten-year period. It ranks 364th on our list of suburbs that property investors should look into.
NOBLE PARK NORTH, 3174 has a capital gain of 3.33% for the past year, which is lower than average compared to its 39.42% growth within a five-year period.
With the median home price in NOBLE PARK NORTH sitting at $435,000, and the average rent at $335, property owners could potentially earn a 4% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in NOBLE PARK NORTH are low, as opposed to average gains per annum over the past five years.
NOBLE PARK NORTH, 3174 in VIC belongs to the local government area of Greater Dandenong.