At number 2236th in the list of Australian suburbs ordered by increase in median house value over the last year, Bright, 3741 is in the BOTTOM 50% with a property value increase of 4.71% recorded in median house prices.
If we look at median property appreciation over just the last three months, Bright has given property investors a paper return of 2.89%. This puts Suburb as 319 on a list of fastest fasting appreciating suburbs in VIC
At number 528th of VIC’s most discounted properties, Bright is in the TOP 20% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 4.83 sales per month, which equates to 58 per year.
Property investors should expect to get $305 weekly from the median priced house in this suburb.
Property investors who have had real estate in Bright, 3741 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.09%
Property investors looking for a bargain in Bright should be aiming for at least -3.31% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Bright the average time real estate has been on the market is 90.36 days.
With the median price for a house in Bright being $273000 and the advertised rent reaching $205 the gross rental yield for property investors calculates out to be 3.90%