Kyneton has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 11.96% to date .
Comparing Kyneton,3444 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.20% offered to property buyers. Sellers in Kyneton itself are offering an average vendor discount of -6.08% to real estate investors.
Using the current median advertised rental of $407.5 and the average annual increase in value of a median property of 7.95%, investors should hope to achieve an overall return of 3.90%
Giving property investors a a stable capital gain of 3.91% for the last year, Kyneton, 3444 is the 591th highest performer in Australia in this respect.
Kyneton,3444 was ranked 493 in Australia by increase in median property value over the quarter.
Often selling an investment property can take time, and in Kyneton the average time real estate has been on the market is 18.5 days.
Kyneton is 137th on a list of best yielding suburbs for rents in VIC with a 4.30% return
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 1840sFull summary
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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.Close