Property investors enjoyed capital gains of 50% over the last 12 months in KANIVA, translating to lower returns compared with its peers in VIC.
The suburb posted a 125.49% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.
On average, rents on listings have reached the N/A mark, reflecting a 0% increase in returns based on the current median price in KANIVA.
KANIVA, 3419 ranks 1st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 667th on the list of best yielding suburbs for rental properties in VIC, posting a 0% return.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||50%||N/A|
|Median 3 years||125.49%||N/A|
|Median 5 years||79.69%||N/A|
|10 years average annual||9.7%||N/A|
|Weekly media advert. rent||N/A||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||N/A||N/A|