VIC has seen average median house prices change by -0.82% which means that Ouyen, 3490 has not done well for property investors by showing a capital gain of -12.09% over the last year
A 18.13% growth in median value for property investors in Ouyen,3490 puts this suburb at number 247th in terms of best performing suburbs in VIC
Ouyen, 3490 is offering VIC ‘s 170th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.
With the median price for a house in Ouyen being $94500 and the advertised rent reaching $200 the gross rental yield for property investors calculates out to be 11.01%
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Values continue to spiral downwards
Median house price: $91,500
Three-year growth: -8.5%
Rental yield: 10.2%
Right in the heart of Victoria’s Mallee region, Ouyen is bordered by national parks that offer access to a collection of native, drought-resistant wildflowers, local wildlife and stunning landscape views.
These national parks include Wyperfeld, Hattah-Kulkyne and Murray Sunset. The suburb itself mainly subsists on dry-land agriculture, such as the farming of wheat and barley. The lambs raised here are also of premium quality.
There is a shopping centre in town, a restored ROXY theatre and facilities for lawn tennis and golf. Ouyen Lake stretches across 14 hectares and is great for picnicking and boating.
The suburb has been characterised by negative growth since 2016, with house values plummeting by 26.8% in the year to January 2019 and then by another 14.9% in the January quarter. This brings the median price down to under $100,000.