Bright is in the bottom 20% in VIC when comparing median price capital growth over the last year. Bright gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.25%.
Taking the average capital gain, or increase in median house value, Bright,3741 has racked up an average of -0.25% over the period. This ranks it number 3044th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -3.49% to buyers in Bright at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $282.5 and the average annual increase in value of a median property of 4.98%, investors should hope to achieve an overall return of 3.75%
If you compare the increase in value of investment property in Bright, 3741 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.73%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bright has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -7.22% to buyers in Bright at the moment, which is less than average for the rest of VIC.
The VIC suburb of Bright, 3741 is in the Alpine local government area.