Clifton Springs

POSTAL CODE: VIC, 3222

HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $670,000.

The downward trend in home prices in CLIFTON SPRINGS, 3222 averaged -1.88% per annum over a 3-year period.

Average weekly rents on listings have reached the $495 mark, reflecting a 3.84% increase in returns based on the current median price in CLIFTON SPRINGS.

An average of 15.33 real estate transactions take place per month in CLIFTON SPRINGS which translates to 184 per annum.

184 properties were sold in CLIFTON SPRINGS in 2016, making it the 499th most active market in VIC based on total real estate transactions.

CLIFTON SPRINGS, 3222 places 206th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$670,000	N/A
Growth Report
Median Quarterly	3.08%	N/A
Median 12 month	-0.3%	N/A
Median 3 years	-5.63%	N/A
Median 5 years	29.59%	N/A
10 years average annual	7.28%	N/A
Weekly media advert. rent	$495	N/A
Time on Market	67.1 days	N/A
Gross Rental Yield Percent	3.84%	N/A

Demographics (Median Values)*

Total Population 14960

Weekly Household Income 1199

Household Size 2.50

Average Age 45

Monthly Loan Repayment 1517

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

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