VIC has seen average median house prices change by 8.96% which means that Bright, 3741 has done well for property investors by showing a capital gain of 11.76% over the last year
Comparing Bright,3741 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 530th 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 5.00 sales per month, which equates to 60 per year.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.
Bright is an average performer in VIC when comparing median price capital growth over the last year. Bright gave property investors a average capital gain figure when compared to the rest of the state, with 1.99%.
Bright,3741 was ranked 377 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bright, 3741. Typically our figures indicate that -3.54% is being offered, which puts this VIC suburb at 1197th most discounted overall in Australia.
On average over the past year, suburb has had 1.67 sales per month, which equates to 20 per year.
Advertised rents are around the $200 mark per week – giving a return of 3.69% based on the median price in Suburb