Investment property in Baxter 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 35.96%
A 69.84% growth in median value for property investors in Baxter,3911 puts this suburb at number 228th in terms of best performing suburbs in VIC
Property buyers and investors in Baxter 3911 should be seeing an average reduction in asking price of around -2.07% . This means that Baxter is holding prices well when compared to other suburbs in VIC.
At number 15 in a list of fastest selling suburbs, Baxter is in the TOP 10% of suburbs in Australia with an average of days on market 18.88 for properties listed there.
House prices in Baxter are quite low, with a median of under $450,000. Thus, for many buyers, settling here could be a solution to Melbourne’s affordability problem.Full summary
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Fringe suburb leverages its affordability
Median house price: $420,000
Three-year growth: 28.83%
Rental yield: 4.33%
On the outskirts of Melbourne’s urban district, Baxter may be regarded as a rural suburb, but it certainly shows as much potential as its city counterparts.
In fact, this distinction may be working to Baxter’s advantage as house prices are quite low here – a median of under $450,000. Thus, for many buyers, it could be a solution to Melbourne’s affordability problem. It is just an hour’s drive to the CBD – a move that residents may be willing to make to save on housing costs.
As a result, the suburb has been reporting consistent growth for the past 5 years at an average annual rate of 7.5%. At 4.3%, investor returns are considerable as well. Baxter is served by a railway station, as well as buses. There are also several primary schools and a kindergarten for families with young children.Close