Kyneton has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.11% to date .
A 48.65% growth in median value for property investors in Kyneton,3444 puts this suburb at number 139th in terms of best performing suburbs in VIC
Property buyers and investors in Kyneton 3444 should be seeing an average reduction in asking price of around -5.68% . This means that Kyneton is holding prices well when compared to other suburbs in VIC.
Using the current median advertised rental of $410 and the average annual increase in value of a median property of 8.28%, investors should hope to achieve an overall return of 3.88%
Giving property investors a an average capital gain of 0.89% for the last year, Kyneton, 3444 is the 736th highest performer in Australia in this respect.
Over the longer term, Kyneton has seen property prices show investors a 22.31% return over the last 3 years. This is worse than over the last 12 months
Situated 77.37km from the CBD, Kyneton is one of Macedon Ranges (S) localities in the postcode 3444.
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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.