Property investors who have had real estate in Bacchus Marsh, 3340 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.57%
Bacchus Marsh,3340 has offered an average of 8.57% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Bacchus Marsh are currently offering property investors an average price cut of -4.41% below the asking price at the moment.
On average over the past year, suburb has had 11.17 sales per month, which equates to 134 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 4.92%, investors should hope to achieve an overall return of 4.38%
VIC has seen average median house prices change by 2.98% which means that Bacchus Marsh, 3340 has done well for property investors by showing a capital gain of 0.71% over the last year
Bacchus Marsh, 3340 is offering VIC ‘s 221th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Situated 48.96km from the CBD, Bacchus Marsh is one of Moorabool localities in the postcode 3340.