With a capital gain of -9.41% for the last 12 months, Braybrook, 3019 has performed for property investments than its average annual 5.60% property growth over the last 5 years.
Braybrook,3019 was ranked 2104 in Australia by increase in median property value over the quarter.
Using the current median advertised rental of $359.5 and the average annual increase in value of a median property of 5.60%, investors should hope to achieve an overall return of 2.88%
Investment property in Braybrook has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.86%
While Braybrook,3019 ranked number 106th in VIC for increase in median house value (annualised) increase, it is ranked 128th over the last 5 years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Braybrook itself are offering an average vendor discount of -5.43% to real estate investors.
Often selling an investment property can take time, and in Braybrook the average time real estate has been on the market is 90.2 days.
Braybrook, 3019’s gross rental yield is 3.93%
Information supplied by:
Braybrook, VIC – Rental vacancies tighten further
Median unit price: $680,000
Vacancy rate: 1.0%
Three-year growth: 21.4%
Just 9km west of the Melbourne CBD is the suburb of Braybrook. It is bounded by several roads, including Duke Street, Ashley Street and Sunshine Road. The Maribyrnong River is located to the north of the suburb, and the Sunbury railway line runs along the southern boundary.
Braybrook was the home of many well-known names, like late 1960s pop star Yvonne Barrett and pub-rock band The Blue Echoes drummer Ray Eames. There are many facilities for child care and education, such as preschools, day care centres and primary schools. There is also a community centre that has a garden open to residents.
Rental vacancy rates fell from an average of 1.5% to an even lower 1.0%.