CLIFTON SPRINGS, 3222 ranks 798th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 13.65% for property investors.
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 $435,000.
The upward trend in home prices in CLIFTON SPRINGS, 3222 averaged 8.1% per annum over a 3-year period.
Average weekly rents on listings have reached the $340 mark, reflecting a 4.06% increase in returns based on the current median price in CLIFTON SPRINGS.
An average of 17.83 real estate transactions take place per month in CLIFTON SPRINGS which translates to 214 per annum.
214 properties were sold in CLIFTON SPRINGS in 2016, making it the 432nd most active market in VIC based on total real estate transactions.
CLIFTON SPRINGS, 3222 places 237th 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 $360,500.
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 15.36% for the past year.
Investors saw the median home price rise to $360,500.
CLIFTON SPRINGS now ranks at the 33rd place on a list of fastest growing suburbs in the territory.
Real estate investors could earn a rental income of $280 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 0.0 days.
10 properties were sold in CLIFTON SPRINGS in 2016, making it the 394th most active market in VIC based on total real estate transactions.
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