Property value increases in Bright have tracked just lower than the VIC average of 8.23% over the last 12 months.
While Bright,3741 ranked number 643th in VIC for increase in median house value (annualised) increase, it is ranked 221th over the last 5 years.
Property investors looking for a bargain in Bright should be aiming for at least -3.67% off the asking price, which is the average vendor discount being achieved at the moment.
Bright is 343th on a list of best yielding suburbs for rents in VIC with a 3.57% return
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 increase in value by 1.11%
When looking at the potential capital gains offered to property investors over the last 3 years, Bright comes in at number 87th in VIC.
Bright, 3741 is offering VIC ‘s 57th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
Often selling an investment property can take time, and in Bright the average time real estate has been on the market is 115 days.