Suburb Profile Report for Bright VIC (3741)

Bright House: Median price $464,250, Annual capital growth 6.33%, Number of sales 62, Weekly median advertised rent $320

Bright Unit: Median price $260,000, Annual capital growth 1.27%, Number of sales 17, Weekly median advertised rent $205

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.24% for the last 12 months, Bright, 3741 has performed for property investments than its average annual 6.33% property growth over the last 5 years.

Bright,3741 has offered an average of 9.24% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Bright is giving property investors an average Vendor Discount of around -2.95%. This puts suburb at number 545th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 5.17 sales per month, which equates to 62 per year.

Bright, 3741 ranked 320th 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

Over the longer term, Bright has seen property prices show investors a 19.54% return over the last 3 years. This is worse than over the last 12 months

At number 308th of VIC’s most discounted properties, Bright is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Bright, 3741’s gross rental yield is 4.10%

Metrics i HOUSE UNIT
$464,250 $260,000
4.33% -7.64%
9.24% -4.94%
6.33% 1.27%
$320 $205
62 17
3.58% 4.10%
82.82 45.09

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2165
Median household income ($/weekly) 781
Median age of persons 51
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 218 10.1
    35-44 years 247 11.4
    45-54 years 316 14.6
    55-64 years 363 16.8
    65-74 years 339 15.7
    Others 682 31.5
    Age Group
    Census Count Percent(%)
    Registered Married 818 52.5
    Not Married 587 37.7
    Defacto Relationship 152 9.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 1681 81.6
    Greece 35 1.7
    Papua New Guinea 26 1.3
    United Kingdom 156 7.6
    Other 42 2.0
    Others 119 5.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 32 1.7
    Christianity 1211 63.1
    Hinduism 4 0.2
    Other Religious Groups 4 0.2
    No Religion 662 34.5
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 96 12.0
    $400-$599 139 17.4
    $600-$799 114 14.3
    $800-$999 98 12.3
    $1,000-$1,249 78 9.8
    Others 274 34.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 814 46.9
    Employed, worked full-time 471 27.2
    Employed, worked part-time 352 20.3
    Employed, away from work 59 3.4
    Unemployed, looking for work 38 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 164 18.5
    Professionals 144 16.3
    Technicians & trades workers 139 15.7
    Sales 104 11.7
    Labourers 106 12.0
    Others 229 25.8
    Occupation
    Census Count Percent(%)
    Pre-school 34 9.5
    Infants/Primary 136 38.1
    Secondary 124 34.7
    Technical or Further Educational Institution 34 9.5
    University or other Tertiary Institutions 19 5.3
    Others 10 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1672 87.1
    Semi-detached, row or terrace house, townhouse 126 6.6
    Flat, unit or apartment 96 5.0
    Caravan, cabin, houseboat 17 0.9
    House or flat attached to a shop, office 9 0.5
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 401 46.0
    Rented 248 28.4
    Being purchased 215 24.7
    Other tenure type 8 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals