With a capital gain of -6.94% for the last 12 months, Brighton, 3186 has performed for property investments than its average annual 7.60% property growth over the last 5 years.
While Brighton,3186 ranked number 530th in VIC for increase in median house value (annualised) increase, it is ranked 590th over the last 5 years.
Our latest figures would indicate that property sellers in Brighton are currently offering property investors an average price cut of -11.65% below the asking price at the moment.
On average over the past year, suburb has had 22.83 sales per month, which equates to 274 per year.
Using the current median advertised rental of $1000 and the average annual increase in value of a median property of 7.60%, investors should hope to achieve an overall return of 3.10%
Selling points: Brighton is considered one of Melbourne’s premier suburbs, right on the Bay, beautiful homes, attractive streetscapes and good amenties. With easy access to the city, the relaxed Bayside lifestyle is highly sought after.
Most sought after properties: A wide range, from $10 million plus beachfront mansions, to 2 bedroom villa units and apartments.
Most common properties: Homes in the $1.5-$2.5 million range, and unit and apartments from $600,000 plus.
Top amenities: Fantastic array of restaurants and shops, well regarded schools
Local industry and business: Primarily retail shopping and restaurants
Recent changes: With an aging population, recently a large range of apartments and units have been built, with more under construction.
Best streets: Streets on the ‘Golden Mile’ with direct access to the beach, and also a variety of wide leafy streets such as Normanby, Sussex, Cosham. Also, streets that are close to the shopping strips of Church and Bay Streets are also popular.
Public transport: Train, bus
Main arteries: Nepean Highway, Beach Road