At number 1784th in the list of Australian suburbs ordered by increase in median house value over the last year, Bairnsdale, 3875 is in the top half with a property value increase of -0.74% recorded in median house prices.
Over the longer term, Bairnsdale has seen property prices show investors a 6.80% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.97% offered to property buyers. Sellers in Bairnsdale itself are offering an average vendor discount of -4.65% to real estate investors.
Residents and property investors in Bairnsdale have been waiting around 86.1408 days to sell a property.
Renters in Suburb are facing rents around $15600 per annum or $300 every week.
Giving property investors a an average capital gain of -2.89% for the last year, Bairnsdale, 3875 is the 792th highest performer in Australia in this respect.
When looking at the potential capital gains offered to property investors over the last 3 years, Bairnsdale comes in at number 318th in VIC.
Bairnsdale3875 is located in VIC which offers an average discount of -6.39% to property investors. Bairnsdale itself is showing figures that indicate -6.87% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Bairnsdale the average time real estate has been on the market is 109.056 days.
The VIC suburb of Bairnsdale, 3875 is in the East Gippsland (S) local government area.
Information supplied by:M
O
W
E
Median House Price: $269,000
Current Yield (houses): 5.8%
Average annual growth (houses): 2.6%
Median Unit Price: $205,000
Current Yield (units): 6.3%
Average annual growth (units): 1.6%
A highly affordable suburb in the East Gippsland region, Bairnsdale couples its affordability with growth potential and high rental returns.
The house market has an average annual growth rate of 2.6%, with prices increasing by 1.5% in the 12 months to July 2019. Meanwhile, units boast a remarkable yield of 6.3% for landlords off a weekly average rent rate of $250.
The suburb serves as the commercial centre of East Gippsland, which could certainly account for the demand in the area.
Original post: https://www.yourinvestmentpropertymag.com.au/top-suburbs/VIC-3875-bairnsdale.aspx