If you compare the increase in value of investment property in Bairnsdale, 3875 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.56%.
The five-year average increase in median property values for Bairnsdale,3875 has given property investors a potential capital gain of 10.00% across each of those five years.
Vendor discounting in Bairnsdale is giving property investors an average Vendor Discount of around -4.64%. This puts suburb at number 526th in VIC when ranking the most discounted suburbs.
Giving property investors a a stable capital gain of 2.56% for the last year, Bairnsdale, 3875 is the 481th highest performer in Australia in this respect.
Comparing Bairnsdale,3875 ‘s 5year and quarterly average capital gain offered to property investors, it performed better 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 -6.33% offered to property buyers. Sellers in Bairnsdale itself are offering an average vendor discount of -7.63% to real estate investors.
Bairnsdale, 3875’s gross rental yield is 5.90%
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.