At number 2786th in the list of Australian suburbs ordered by increase in median house value over the last year, Bright, 3741 is in the BOTTOM 40% with a property value increase of 0.00% recorded in median house prices.
Bright,3741 was ranked 3921 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 -6.04% offered to property buyers. Sellers in Bright itself are offering an average vendor discount of -4.09% to real estate investors.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 3.93%, without taking into account capital value appreciation, which has been averaging out at 4.84%.
Investment property in Bright has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.81%
When looking at the potential capital gains offered to property investors over the last 3 years, Bright comes in at number 80th in VIC.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bright, 3741. Typically our figures indicate that -8.28% is being offered, which puts this VIC suburb at 137th most discounted overall in Australia.
Bright, 3741’s gross rental yield is 4.04%