VIC has seen average median house prices change by 8.27% which means that Bairnsdale, 3875 has done well for property investors by showing a capital gain of 2.62% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bairnsdale has increased when compared to the 5 year average annual rate.
At number 336th of VIC’s most discounted properties, Bairnsdale is in the middle of the state/territory when listing in order of most discounted to least.
Often selling an investment property can take time, and in Bairnsdale the average time real estate has been on the market is 114.97 days.
Bairnsdale has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -8.62% to date .
The five-year average increase in median property values for Bairnsdale,3875 has given property investors a potential capital gain of 5.52% across each of those five years.
Sellers are offering property buyers an average discount of -5.81% to buyers in Bairnsdale at the moment, which is less than average for the rest of VIC.
In the last year 28 properties changed hands in Bairnsdale, which puts it as the 259th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Bairnsdale being $220000 and the advertised rent reaching $240 the gross rental yield for property investors calculates out to be 5.67%