Investment property in Ouyen 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 3.23%
A 18.52% growth in median value for property investors in Ouyen,3490 puts this suburb at number 679th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -9.49% to buyers in Ouyen at the moment, which is less than average for the rest of VIC.
With the median price for a house in Ouyen being $96000 and the advertised rent reaching $195 the gross rental yield for property investors calculates out to be 10.56%
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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.