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.
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.
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.