Edenhope has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 21.21% to date .
A 45.45% growth in median value for property investors in Edenhope,3318 puts this suburb at number 684th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -4.82% to buyers in Edenhope at the moment, which is less than average for the rest of VIC.
On average over the past year, suburb has had 2.75 sales per month, which equates to 33 per year.
Situated 335.60km from the CBD, Edenhope is one of West Wimmera (S) localities in the postcode 3318.
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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.