VIC has seen average median house prices change by 14.59% which means that Edenhope, 3318 has done well for property investors by showing a capital gain of -1.69% over the last year
While Edenhope,3318 ranked number 695th in VIC for increase in median house value (annualised) increase, it is ranked 441th over the last 5 years.
Edenhope, 3318 is offering VIC ‘s 146th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
Edenhope, 3318’s gross rental yield is 6.66%
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Record affordability appeals to house buyers
Median house price: $160,000
Three-year growth: 4.9%
Rental yield: 6.5%
Located near the Winmera Highway, Edenhope is one of the most affordable housing markets in Victoria, with the median house value coming in at $160,000.
Despite the low prices, the suburb has been growing strongly in the last five years, with values increasing by 11.7% over the 12 months leading up to November 2017. With the accompanying high average rental yield of 6.5%, there will be competition for such low-priced, high-return properties.
Edenhope is on the shores of Lake Wallace, a well-known spot for fishing and water sports, and the Back Swamp. There are several shops and dining stops around given the presence of tourists here for the nature, as well as a hospital. Edenhope is also the administrative centre of West Wimmera.