Suburb Profile Report for Bright VIC (3741)

Bright House: Median price $433,250, Annual capital growth 5.82%, Number of sales 50, Weekly median advertised rent $298

Bright Unit: Median price $275,000, Annual capital growth 3.34%, Number of sales 22, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 11.09% for the last year, Bright, 3741 is the 953th highest performer in Australia in this respect.

Bright,3741 was ranked 2101 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Bright should be aiming for at least -4.18% off the asking price, which is the average vendor discount being achieved at the moment.

Renters in Suburb are facing rents around $3570 per annum or $297.5 every week.

Bright, 3741 ranked 326th 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

The five-year average increase in median property values for Bright,3741 has given property investors a potential capital gain of 14.58% across each of those five years.

Sellers are offering property buyers an average discount of -5.10% to buyers in Bright at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

A $200 per week rent on the median house gives suburb investors a gross yield of circa 3.78%, without taking into account capital value appreciation, which has been averaging out at 3.34%.

HOUSE UNIT
$433,250 $275,000
1.05% 0.73%
11.09% -6.30%
5.82% 3.34%
$298 $200
50 22
3.57% 3.78%
87.16 97.27

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (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
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Recent sales & rentals