Suburb Profile Report for Bright VIC (3741)

Bright House: Median price $432,500, Annual capital growth 5.81%, Number of sales 60, Weekly median advertised rent $310

Bright Unit: Median price $281,500, Annual capital growth 2.57%, Number of sales 20, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$432,500 $281,500
13.82% 3.68%
11.76% 1.99%
5.81% 2.57%
$310 $200
60 20
3.73% 3.69%
86.32 82.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
Chart Table
Recent sales & rentals