Over the last year, property investments in Rushworth, 3612 have given investors a capital gain of 7.54%. This compares badly with the 11.00% for VIC as a whole.
Across a shorter period, Rushworth, 3612 has seen a median price increase of -3.75% over the last quarter.
Vendor discounting in Rushworth is giving property investors an average Vendor Discount of around -7.56%. This puts suburb at number 86th in VIC when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Rushworth the average time real estate has been on the market is 122.68 days.
Rushworth is 43th on a list of best yielding suburbs for rents in VIC with a 5.94% return
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.Full summary
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Gold rush town enjoys a golden growth period
Median house price: $210,000
Three-year growth: 32.91%
Rental yield: 5.70%
The suburb of Rushworth got its name from its inception during the 1853 gold rush in Victoria. While the rush is long over, the suburb is riding the waves of sustained growth.
Houses are astoundingly affordable at just $210,000 even after a significant price increase of over 12% in the February 2017 quarter alone. The almost 6% average yield is certainly eye-catching for investors, along with the potential shown for long-term growth seeing as the market has not fumbled in five years.
Rushworth is home to a few schools, including a P-12 college and St Mary’s primary school. There’s also a bakery/café. The suburb has much to offer as a tourist spot – there’s the local heritage walk and the Rushworth museum, for example. The Rushworth State Forest is located nearby and is perfect for bushwalking. 8km north of the suburb, Waranga Basin is a popular fishing destination.Close