Property investors who have had real estate in Bright, 3741 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.14%
While Bright,3741 ranked number 73th in VIC for increase in median house value (annualised) increase, it is ranked 367th over the last 5 years.
Vendor discounting in Bright is giving property investors an average Vendor Discount of around -3.63%. This puts suburb at number 532th in VIC when ranking the most discounted suburbs.
In the last year 56 properties changed hands in Bright, which puts it as the 399th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $297.5 weekly from the median priced house in this suburb.
Bright, 3741 ranked 153th 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
When looking at the potential capital gains offered to property investors over the last 3 years, Bright comes in at number 22th in VIC.
LACK OF BUYER INTEREST may well be the reason that Bright is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 258th in terms of most discounted suburbs in VIC
A $200 per week rent on the median house gives suburb investors a gross yield of circa 3.59%, without taking into account capital value appreciation, which has been averaging out at 4.19%.