Suburb Profile Report for Bright VIC (3741)

Bright House: Median price $390,000, Annual capital growth 5.05%, Number of sales 53, Weekly median advertised rent $295

Bright Unit: Median price $271,500, Annual capital growth 3.71%, Number of sales 24, Weekly median advertised rent $200

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

Source: CoreLogic

  • House Report
  • Unit Report

Bright is in the bottom 20% in VIC when comparing median price capital growth over the last year. Bright gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.64%.

The five-year average increase in median property values for Bright,3741 has given property investors a potential capital gain of 16.42% across each of those five years.

Vendor discounting in Bright is giving property investors an average Vendor Discount of around -3.91%. This puts suburb at number 509th in VIC when ranking the most discounted suburbs.

Property investors who have had real estate in Bright, 3741 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -9.27%

While Bright,3741 ranked number 283th in VIC for increase in median house value (annualised) increase, it is ranked 174th over the last 5 years.

Bright3741 is located in VIC which offers an average discount of -5.12% to property investors. Bright itself is showing figures that indicate -4.67% is the average achievable by property buyers investing in the suburb.

Bright, 3741’s gross rental yield is 3.83%

HOUSE UNIT
$390,000 $271,500
0.00% -1.99%
-0.64% -9.27%
5.05% 3.71%
$295 $200
53 24
3.93% 3.83%
89.66 98.31

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
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Recent sales & rentals