Edenhope, 3318 ranked 10th in VIC when comparing growth in median property values or capital gain over the last 12 months. Edenhope is one of 2099 in our list for VIC
Edenhope,3318 was ranked 3106 in Australia by increase in median property value over the quarter.
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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.