VIC has seen average median house prices change by 10.96% which means that Ouyen, 3490 has done well for property investors by showing a capital gain of 6.96% over the last year
Across a shorter period, Ouyen, 3490 has seen a median price increase of -1.60% over the last quarter.
Residents and property investors in Ouyen have been waiting around 20.1875 days to sell a property.
The VIC suburb of Ouyen, 3490 is in the Mildura (RC) local government area.
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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.