Suburb to watch: BRUNSWICK

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Only 4km’s from Melbourne’s CBD, the multicultural hub of Brunswick is home to the hipster, but the intercontinental feeling is not

House Report:

With a capital gain of 22.94% for the last 12 months, Brunswick, 3056 has performed for property investments than its average annual 9.71% property growth over the last 5 years.

Over the longer term, Brunswick has seen property prices show investors a 44.14% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Brunswick is giving property investors an average Vendor Discount of around -2.94%. This puts suburb at number 577th in VIC when ranking the most discounted suburbs.

Property investors should expect to get $540 weekly from the median priced house in this suburb.

Unit Report:

Over the last year, property investments in Brunswick, 3056 have given investors a capital gain of 2.00%. This compares averagely with the 4.26% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Brunswick has increased when compared to the 5 year average annual rate.
Brunswick, 3056 is offering VIC ‘s 216th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
With the median price for a house in Brunswick being $510000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.98%

With the average age of residents between 20 – 39, Brunswick is one of Melbourne’s hottest rental markets.

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