Collingwood is a suburb in the Yarra Region of Victoria. Collingwood has a population of 6,467 people and 63.13% of its occupants live in rental accommodation. Situated directly to the east of trendy Fitzroy is the suburb of Collingwood which has a median unit price around $100,000 lower than its popular neighbour.
House Report:
At number 3216th in the list of Australian suburbs ordered by increase in median house value over the last year, Collingwood, 3066 is in the BOTTOM 30% with a property value increase of -2.20% recorded in median house prices.
Over the longer term, Collingwood has seen property prices show investors a 27.61% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Collingwood is giving property investors an average Vendor Discount of around -16.61%. This puts suburb at number 6th in VIC when ranking the most discounted suburbs.
At number 453 in a list of fastest selling suburbs, Collingwood is in the TOP 20% of suburbs in Australia with an average of days on market 48 for properties listed there.
Property investors should expect to get $560 weekly from the median priced house in this suburb.
Unit Report:
Over the last year, property investments in Collingwood, 3066 have given investors a capital gain of -4.46%. This compares very badly with the 3.49% for VIC as a whole.
The five-year average increase in median property values for Collingwood,3066 has given property investors a potential capital gain of -1.38% across each of those five years.
The most recent median price for Collingwood is $535000, with sellers offering an average of -5.04% off the asking price.
Residents and property investors in Collingwood have been waiting around 66.89 days to sell a property.
With the median price for a house in Collingwood being $535000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.37%
Situated directly to the east of trendy Fitzroy is the suburb of Collingwood which has a median unit price around $100,000 lower than its popular neighbour.
