VIC has seen average median house prices change by 8.06% which means that Bairnsdale, 3875 has done well for property investors by showing a capital gain of 4.08% over the last year
While Bairnsdale,3875 ranked number 368th in VIC for increase in median house value (annualised) increase, it is ranked 540th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Bairnsdale is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 300th in terms of most discounted suburbs in VIC
Renters in Suburb are facing rents around $3360 per annum or $280 every week.
Over the last year, property investments in Bairnsdale, 3875 have given investors a capital gain of -3.77%. This compares very badly with the 3.11% for VIC as a whole.
Vendor discounting in Bairnsdale is giving property investors an average Vendor Discount of around -5.84%. This puts suburb at number 96th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Using the current median advertised rental of $230 and the average annual increase in value of a median property of 2.45%, investors should hope to achieve an overall return of 5.20%