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 3.60%.
If we look at median property appreciation over just the last three months, Winchelsea has given property investors a paper return of 1.04%. This puts Suburb as 234 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Winchelsea is $388000, with sellers offering an average of -2.92% off the asking price.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 4.56%, without taking into account capital value appreciation, which has been averaging out at 7.27%.
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 2018Full summary
Information supplied by:
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.Close