With a capital gain of -12.88% for the last 12 months, Edenhope, 3318 has performed for property investments than its average annual 3.02% property growth over the last 5 years.
Edenhope,3318 has offered an average of -12.88% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Edenhope should be aiming for at least -7.39% off the asking price, which is the average vendor discount being achieved at the moment.
At number 4440 in a list of fastest selling suburbs, Edenhope is in the bottom 10% of suburbs in Australia with an average of days on market 217.83 for properties listed there.
Edenhope is 19th on a list of best yielding suburbs for rents in VIC with a 7.27% return
Located near the Winmera Highway, Edenhope is one of the most affordable housing markets in Victoria, with the median house value coming in at $160,000Full summary
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Record affordability appeals to house buyers
Median house price: $160,000
Three-year growth: 4.9%
Rental yield: 6.5%
Located near the Winmera Highway, Edenhope is one of the most affordable housing markets in Victoria, with the median house value coming in at $160,000.
Despite the low prices, the suburb has been growing strongly in the last five years, with values increasing by 11.7% over the 12 months leading up to November 2017. With the accompanying high average rental yield of 6.5%, there will be competition for such low-priced, high-return properties.
Edenhope is on the shores of Lake Wallace, a well-known spot for fishing and water sports, and the Back Swamp. There are several shops and dining stops around given the presence of tourists here for the nature, as well as a hospital. Edenhope is also the administrative centre of West Wimmera.Close