Investment property in Winchelsea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.97%
While Winchelsea,3241 ranked number 53th in VIC for increase in median house value (annualised) increase, it is ranked 219th 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 -6.90% offered to property buyers. Sellers in Winchelsea itself are offering an average vendor discount of -4.57% to real estate investors.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
The VIC suburb of Winchelsea, 3241 is in the Surf Coast (S) local government area.
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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.