Investment property in Bairnsdale has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.35%
A 20.63% growth in median value for property investors in Bairnsdale,3875 puts this suburb at number 398th in terms of best performing suburbs in VIC
At number 449th of VIC’s most discounted properties, Bairnsdale is in the TOP 10% of the state/territory when listing in order of most discounted to least.
At number 2469 in a list of fastest selling suburbs, Bairnsdale is in the bottom 40% of suburbs in Australia with an average of days on market 88.7348 for properties listed there.
If you compare the increase in value of investment property in Bairnsdale, 3875 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 2.98%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bairnsdale has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -5.51% to buyers in Bairnsdale at the moment, which is less than average for the rest of VIC.
Residents and property investors in Bairnsdale have been waiting around 118.571 days to sell a property.
Bairnsdale, 3875’s gross rental yield is 6.01%
Information supplied by:
Median House Price: $269,000
Current Yield (houses): 5.8%
Average annual growth (houses): 2.6%
Median Unit Price: $205,000
Current Yield (units): 6.3%
Average annual growth (units): 1.6%
A highly affordable suburb in the East Gippsland region, Bairnsdale couples its affordability with growth potential and high rental returns.
The house market has an average annual growth rate of 2.6%, with prices increasing by 1.5% in the 12 months to July 2019. Meanwhile, units boast a remarkable yield of 6.3% for landlords off a weekly average rent rate of $250.
The suburb serves as the commercial centre of East Gippsland, which could certainly account for the demand in the area.