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 $701,000.
The upward trend in home prices in CLIFTON SPRINGS, 3222 averaged 1.03% 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 16.42 real estate transactions take place per month in CLIFTON SPRINGS which translates to 197 per annum.
197 properties were sold in CLIFTON SPRINGS in 2016, making it the 479th most active market in VIC based on total real estate transactions.
CLIFTON SPRINGS, 3222 places 361st in Australia based on median property value growth during the quarter.
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 $550,000.
Average median unit prices in VIC have risen as a whole, pulling CLIFTON SPRINGS, 3222 values up and netting property investors a capital gain of 9.45% for the past year.
Investors saw the median home price rise to $550,000.
The upward trend in home prices in CLIFTON SPRINGS, 3222 averaged 0% per annum over a 3-year period.
CLIFTON SPRINGS now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in CLIFTON SPRINGS are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In CLIFTON SPRINGS, homes and units usually stay on listing for an average of N/A.
11 properties were sold in CLIFTON SPRINGS in 2016, making it the 394th most active market in VIC based on total real estate transactions.