Over the last year, property investments in Baxter, 3911 have given investors a capital gain of 11.23%. This compares favourably with the 8.91% for VIC as a whole.
The five-year average increase in median property values for Baxter,3911 has given property investors a potential capital gain of 67.19% across each of those five years.
Baxter3911 is located in VIC which offers an average discount of -5.20% to property investors. Baxter itself is showing figures that indicate -2.77% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Baxter the average time real estate has been on the market is 25.51 days.
Property investors should expect to get $395 weekly from the median priced house in this suburb.
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