VIC has seen average median house prices change by 11.11% which means that Baxter, 3911 has done well for property investors by showing a capital gain of 24.83% over the last year
Across a shorter period, Baxter, 3911 has seen a median price increase of 1.51% over the last quarter.
At number 622th of VIC’s most discounted properties, Baxter is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $380 and the average annual increase in value of a median property of 8.58%, investors should hope to achieve an overall return of 3.67%
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