At number 4056th in the list of Australian suburbs ordered by increase in median house value over the last year, Edenhope, 3318 is in the BOTTOM 10% with a property value increase of -12.12% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Edenhope comes in at number 207th in VIC.
Vendor discounting in Edenhope is giving property investors an average Vendor Discount of around -7.95%. This puts suburb at number 144th in VIC when ranking the most discounted suburbs.
With the median price for a house in Edenhope being $145000 and the advertised rent reaching $200 the gross rental yield for property investors calculates out to be 7.17%
Located near the Winmera Highway, Edenhope is one of the most affordable housing markets in Victoria, with the median house value coming in at $160,000Full summary
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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.Close