Baxter, 3911 ranked 411th in VIC when comparing growth in median property values or capital gain over the last 12 months. Baxter is one of 2098 in our list for VIC
The five-year average increase in median property values for Baxter,3911 has given property investors a potential capital gain of 65.34% across each of those five years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Baxter, 3911. Typically our figures indicate that -2.97% is being offered, which puts this VIC suburb at 3635th most discounted overall in Australia.
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