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 $700,000.
The upward trend in home prices in CLIFTON SPRINGS, 3222 averaged 0.85% per annum over a 3-year period.
Average weekly rents on listings have reached the $500 mark, reflecting a 3.71% increase in returns based on the current median price in CLIFTON SPRINGS.
An average of 17.08 real estate transactions take place per month in CLIFTON SPRINGS which translates to 205 per annum.
205 properties were sold in CLIFTON SPRINGS in 2016, making it the 465th most active market in VIC based on total real estate transactions.
CLIFTON SPRINGS, 3222 places 99th in Australia based on median property value growth during the quarter.