Property investors who have had real estate in Baxter, 3911 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 39.29%
The five-year average increase in median property values for Baxter,3911 has given property investors a potential capital gain of 69.60% across each of those five years.
On average over the past year, suburb has had 3.00 sales per month, which equates to 36 per year.
The VIC suburb of Baxter, 3911 is in the Mornington Peninsula local government area.
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