Miners Rest is in the bottom 40% in VIC when comparing median price capital growth over the last year. Miners Rest gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.62%.
While Miners Rest,3352 ranked number 114th in VIC for increase in median house value (annualised) increase, it is ranked 603th over the last 5 years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Miners Rest itself are offering an average vendor discount of -5.87% to real estate investors.
In the last year 71 properties changed hands in Miners Rest, which puts it as the 350th most active market in VIC when comparing the number of sales per suburb.
Situated 106.50km from the CBD, Miners Rest is one of Ballarat localities in the postcode 3352.