Property investors who have had real estate in Birchip, 3483 should be ok 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 2.78%
Comparing Birchip,3483 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Vendor discounting in Birchip is giving property investors an average Vendor Discount of around -21.05%. This puts suburb at number 3rd in VIC when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $8580 per annum or $165 every week.
Sitting on the Sunraysia Highway in Victoria’s Mallee district, Birchip is a small rural suburb centred on agricultureFull summary
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Rural suburb sees some growth
Median house price: $92,500
Three-year growth: -23.7%
Rental yield: 9.3%
Sitting on the Sunraysia Highway in Victoria’s Mallee district, Birchip is a small rural suburb centred on agriculture.
Some of the crops grown in this area include wheat, barley and canola. The most common livestock are sheep and pigs. The Birchip Cropping Group makes its base here – this non-profit research organisation is run by farmers from the Wimmera-Mallee region. The Birchip Community Leisure Centre houses several sports facilities, such as Australian football, netball and golf. Birchip is also linked to several roads, including the Calder Highway. There is also an aerodrome for light aircraft.
Birchip houses are very affordable at a median price of under $100,000. The suburb has seen values drop consistently since 2014, but some recovery was reported when values went up by 2.8% in the 12 months to January 2019.Close