Kyneton has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 9.20% to date .
Kyneton,3444 has offered an average of 9.20% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.51% offered to property buyers. Sellers in Kyneton itself are offering an average vendor discount of -6.08% to real estate investors.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Property investors should expect to get $450 weekly from the median priced house in this suburb.
Investment property in Kyneton has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.53%
Kyneton,3444 has offered an average of 2.53% return per annum in house price rises to property investors over the last three years.
In the last year 13 properties changed hands in Kyneton, which puts it as the 348th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $370 mark per week – giving a return of 4.75% based on the median price in Suburb
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Historic suburb has strong growth potential
Median unit price: $399,000
Three-year growth: 22.8%
Rental yield: 4.3%
The Macedon Ranges suburb of Kyneton was named for the village of Kineton in Warwickshire. This area also once served as a supply centre for gold rushers in Castlemaine and Bendigo – in fact, Piper Street, the oldest main street in this suburb, contains buildings constructed from back in the 1840s.
As a midway point between Melbourne and Bendigo, Kyneton is popular with tourists who visit for the incredible views. The suburb is alive with shops, galleries and a museum. Some of the oldest churches in Victoria can be found here – an impressive collection of bluestone structures.
With a median value of less than $400,000, Kyneton offers low=priced apartment living while having strong growth potential. The average annual growth rate for this suburb comes in at a high 7.3%, and prices went up by 3.9% in the year to January 2019.