Kyneton, 3444 ranked 86th in VIC when comparing growth in median property values or capital gain over the last 12 months. Kyneton is one of 2099 in our list for VIC
If we look at median property appreciation over just the last three months, Kyneton has given property investors a paper return of 0.43%. This puts Suburb as 218 on a list of fastest fasting appreciating suburbs in VIC
LACK OF BUYER INTEREST may well be the reason that Kyneton is offering property investors an average of -6.82. This rate of discount on properties puts Suburb at number 313th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.22%, investors should hope to achieve an overall return of 3.96%
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Historic suburb has strong growth potential
Median unit price: $399,000
Three-year growth: 22.8%
Rental yield: 4.3%
The Macedon Ranges suburb of Kyneton was named for the village of Kineton in Warwickshire. This area also once served as a supply centre for gold rushers in Castlemaine and Bendigo – in fact, Piper Street, the oldest main street in this suburb, contains buildings constructed from back in the 1840s.
As a midway point between Melbourne and Bendigo, Kyneton is popular with tourists who visit for the incredible views. The suburb is alive with shops, galleries and a museum. Some of the oldest churches in Victoria can be found here – an impressive collection of bluestone structures.
With a median value of less than $400,000, Kyneton offers low=priced apartment living while having strong growth potential. The average annual growth rate for this suburb comes in at a high 7.3%, and prices went up by 3.9% in the year to January 2019.