With a capital gain of 10.29% for the last 12 months, Kyneton, 3444 has performed for property investments than its average annual 8.20% property growth over the last 5 years.
The five-year average increase in median property values for Kyneton,3444 has given property investors a potential capital gain of 43.49% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Kyneton is offering property investors an average of -6.54. This rate of discount on properties puts Suburb at number 363th in terms of most discounted suburbs in VIC
At number 1327 in a list of fastest selling suburbs, Kyneton is in the TOP 40% of suburbs in Australia with an average of days on market 64.5104 for properties listed there.
The VIC suburb of Kyneton, 3444 is in the Macedon Ranges (S) local government area.
Over the last year, property investments in Kyneton, 3444 have given investors a capital gain of 2.00%. This compares favourably with the 0.74% for VIC as a whole.
Kyneton,3444 has offered an average of 2.00% return per annum in house price rises to property investors over the last three years.
Situated 77.41km 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.