Giving property investors a a stable capital gain of 11.09% for the last year, Bright, 3741 is the 953th highest performer in Australia in this respect.
Bright,3741 was ranked 2101 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Bright should be aiming for at least -4.18% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $3570 per annum or $297.5 every week.
Bright, 3741 ranked 326th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bright is one of 2098 in our list for VIC
The five-year average increase in median property values for Bright,3741 has given property investors a potential capital gain of 14.58% across each of those five years.
Sellers are offering property buyers an average discount of -5.10% to buyers in Bright at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.
A $200 per week rent on the median house gives suburb investors a gross yield of circa 3.78%, without taking into account capital value appreciation, which has been averaging out at 3.34%.