The suburbs with the best-performing units around the nation – from Box Hill South to Aubin Grove: Residex
Residex has looked at the best-performing suburbs for units in each state as at November 2012, with Aubin Grove in Perth experiencing the highest capital growth last year of 26.62%. According to the report Rosehill and Wattle Grove were Sydney’s highest performing suburbs for units.
SYDNEY
Rosehill units had a median price value of $322,000 and a median rent of $400 per week. This offers a median rental yield of 6.46% and a capital growth of 10.93% last year.
Wattle Grove had a median unit value of $463,000 and a median rental price of $496 per week , or a rental yield of 5.58%. Wattle Grove experienced a 10.63% capital growth last year.
BRISBANE
Marsden and Kingston were the top-performing suburbs in Brisbane units in November, with Marsden having a median value of $314,000 and Kingston at $246,000.
The median rent for Marsden was $340 per week – a median rental yield of 5.63% – and Marsden experienced a 13.42% capital growth.
A three-bedroom unit located at 73-81 Demeio Road, Marsden, is currently listed for sale with a $326,000 asking price and an asking rent of $330 per week.
Kingston had a median value of $246,000 and a median rental price of $280 a week. The median rent rate is 5.9%, and Kingston experienced a 9.51% capital growth last year.
Box Hill South was Melbourne’s best-performing suburb for units in November, with a median unit price of $486,000.
Box Hill South had a median rental price of $485 – a median rental yield 5.23% – and experienced a capital growth of 6.25%.
Mont Albert North is Melbourne’s second highest performing suburb for units, with a median unit price of $667,000.
Mont Albert North had a median asking rent of $555 per week – a median rental yield of 4.33% – and experienced a capital growth of 6.19% last year.
PERTH
Aubin Grove was Perth’s top-performing suburb for units, with a median unit price of $317,000 and a median rental asking price of $425 per week.
Aubin Grove had a median rental yield of 6.99% and experienced a staggering capital growth of 26.62% last year.
Morley is Perth’s second highest performing suburb, with a median unit price of $405,500, and had a capital growth of 24.08% last year.
The median asking rent in Morley is $445, with a median rental yield of 5.70%.
ADELAIDE
Adelaide’s top two-performing suburbs for units were Surrey Downs – with a median unit price of $305,500 – and Munno Para West, with a median unit price of $112,500.
Surrey Downs has a median weekly rent for units of $295 – a rental yield of 5.06% - and Surrey Downs experienced a capital growth of 11.24% last year.
A three-bedroom unit located at 3/412 Yatala Vale Road Surrey Downs sold last year for $310,000 and has a weekly rent of $320 per week.
Munno Para West had a median rental price of $245 – a rental yield of 11.43% – and experienced a capital growth of 9.88% last year.
HOBART
Hobart’s top-performing suburbs for units include Berriedale – with a median price of $202,000 – and Sandy Bay – with a median unit price of $351,500.
Berriedale’s median weekly rent is $245 – a rental yield of 6.38% – and Berriedale unit prices fell 0.75%.
Sandy Bay’s capital growth dropped even more than that of Berriedale, with a -2.61% capital growth last year.
Sandy Bay has a median weekly rent of $340 – a rental yield of 5.05%.
ACT
ACT’s top-performing suburbs were Casey and Weston.
Casey had a median unit price of $385,500 and a weekly rent of $450. This gave Casey a 6.09% rental yield and a capital growth of 10.59% last year.
Weston’s median unit price is $432,500 and weekly rent is $460.
This gives Weston a rental rate figure of 5.54% and a capital growth figure of 7.02%.
DARWIN
Leanyer and Woodroffe were Darwin’s best-performing suburbs for unit investments, with Leanyer having a median price of $416,000 and Woodroffe having a median price of $334,000.
Leanyer’s median rental price was $470 per week – a rental yield of 5.88% – and Woodroffe’s median rental price was $390, a rental yield of 6.12%.
Leanyer experienced a capital growth of 11.68% last year, and Woodroffe experienced a capital growth of 10.96%.