Investment property in Bacchus Marsh has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.05%
If we look at median property appreciation over just the last three months, Bacchus Marsh has given property investors a paper return of 1.41%. This puts Suburb as 330 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Bacchus Marsh is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 424th in terms of most discounted suburbs in VIC
A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.48%, without taking into account capital value appreciation, which has been averaging out at 4.46%.
At number 1333th in the list of Australian suburbs ordered by increase in median house value over the last year, Bacchus Marsh, 3340 is in the BOTTOM 30% with a property value increase of -3.55% recorded in median house prices.
Bacchus Marsh,3340 was ranked 1308 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Bacchus Marsh should be aiming for at least -3.95% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 16 properties changed hands in Bacchus Marsh, which puts it as the 323th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Bacchus Marsh being $278750 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 4.94%