Property investors who have had real estate in Bacchus Marsh, 3340 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.11%
Comparing Bacchus Marsh,3340 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 358th of VIC’s most discounted properties, Bacchus Marsh is in the TOP 40% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Bacchus Marsh being $500000 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 3.85%
With a capital gain of 42.45% for the last 12 months, Bacchus Marsh, 3340 has performed for property investments than its average annual 7.46% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Bacchus Marsh,3340 has racked up an average of 42.45% over the period. This ranks it number 103th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Bacchus Marsh are currently offering property investors an average price cut of -3.55% below the asking price at the moment.