If you compare the increase in value of investment property in Winchelsea, 3241 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 1.17%.
The five-year average increase in median property values for Winchelsea,3241 has given property investors a potential capital gain of 35.77% across each of those five years.
Property investors looking for a bargain in Winchelsea should be aiming for at least -5.85% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 27 properties changed hands in Winchelsea, which puts it as the 528th most active market in VIC when comparing the number of sales per suburb.
Situated 97.20km from the CBD, Winchelsea is one of Surf Coast (S) localities in the postcode 3241.
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Growth peaks in historic suburb
Median house price: $341,000
Three-year growth: 17.2%
Rental yield: 4.7%
A stunning escape less than two hours from Melbourne, the suburb of Winchelsea serves a gateway to the Otway Hinterlands and Western District. Growth peaked at almost 30% in the 12 months leading up to January 2018.
House values are low at under $350,000, and coupled with the reasonable average rental return of 4.7%, this market could appeal to investors given the growth potential.
Winchelsea is situated on the banks of the Barwon River, and is rich in history. It boasts an idyllic country lifestyle that attracts tourists. This bustling industry is supported by cafes, pubs and shops. A monthly market showcases local produce, and the suburb is served by the Winchelsea railway station, which is a stop along the Warrnambool line.