Investment property in Edenhope has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.12%
A 1.69% growth in median value for property investors in Edenhope,3318 puts this suburb at number 685th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Edenhope are currently offering property investors an average price cut of -11.58% below the asking price at the moment.
Edenhope is 7th on a list of best yielding suburbs for rents in VIC with a 7.28% 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