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Clifton Springs
AREA REPORTS

Clifton Springs

Clifton Springs - SUBURB PROFILE REPORT
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 $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.

Data report can be found below

Clifton Springs
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
demographics (median values)*
Total Population
14960
Weekly Household Income
1199
Household Size
2.50
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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