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Clifton SpringsClifton Springs - SUBURB PROFILE REPORT
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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 $677,500.
The upward trend in home prices in CLIFTON SPRINGS, 3222 averaged 14.56% per annum over a 3-year period.
Average weekly rents on listings have reached the $410 mark, reflecting a 3.15% increase in returns based on the current median price in CLIFTON SPRINGS.
An average of 16.58 real estate transactions take place per month in CLIFTON SPRINGS which translates to 199 per annum.
199 properties were sold in CLIFTON SPRINGS in 2016, making it the 506th most active market in VIC based on total real estate transactions.
CLIFTON SPRINGS, 3222 places 78th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $677,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 9.12% | N/A |
| Median 12 month | 29.29% | N/A |
| Median 3 years | 43.68% | N/A |
| Median 5 years | 84.86% | N/A |
| 10 years average annual | 7.48% | N/A |
| Weekly media advert. rent | $410 | N/A |
| Time on Market | 31.9 days | N/A |
| Gross Rental Yield Percent | 3.15% | N/A |
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