If you compare the increase in value of investment property in Kyneton, 3444 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.93%.
Kyneton,3444 was ranked 2486 in Australia by increase in median property value over the quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.03% offered to property buyers. Sellers in Kyneton itself are offering an average vendor discount of -6.17% to real estate investors.
In the last year 115 properties changed hands in Kyneton, which puts it as the 225th most active market in VIC when comparing the number of sales per suburb.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 7.55%.
Giving property investors a an average capital gain of 0.92% for the last year, Kyneton, 3444 is the 990th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Kyneton has increased when compared to the 5 year average annual rate.
At number 193th of VIC’s most discounted properties, Kyneton is in the TOP 40% of the state/territory when listing in order of most discounted to least.
Kyneton is 90th on a list of best yielding suburbs for rents in VIC with a 4.91% return