Property investors who have had real estate in Minyip, 3392 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.11%
Comparing Minyip,3392 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Minyip 3392 should be seeing an average reduction in asking price of around -12.71% . This means that Minyip is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Minyip have been waiting around 58.5 days to sell a property.
With the median price for a house in Minyip being $84500 and the advertised rent reaching $145 the gross rental yield for property investors calculates out to be 8.92%
Regarded as the “heart of the Wheatbelt,” the suburb of Minyip in the Wimmera region is one of the centres of grain farming in AustraliaFull summary
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Sellers need to offer significant discounts
Median house price: $84,500
Three-year growth: -10.1%
Rental yield: 8.9%
Regarded as the “heart of the Wheatbelt,” the suburb of Minyip in the Wimmera region is one of the centres of grain farming in Australia.
House prices in this suburb have been dropping since January 2016, with the median value plummeting all the way to $84,500. While houses sell in an average of less than 60 days, sellers have to offer massive discounts of 12.7% on average.
There are many examples of historical architecture in this suburb, including the Minyip Memorial Hall, old silos, the local railway station and various hotels. The foundation stone of Minyip Hospital is displayed in the town square along with a unique clock. The Lions Children’s Playground is another must-see for history buffs. There are several shops and dining options for residents and visitors alike, and there are also schools for children.Close