Investment property in Ouyen has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -24.40%
If we look at median property appreciation over just the last three months, Ouyen has given property investors a paper return of 2.16%. This puts Suburb as 124 on a list of fastest fasting appreciating suburbs in VIC
Ouyen3490 is located in VIC which offers an average discount of -6.90% to property investors. Ouyen itself is showing figures that indicate -5.97% is the average achievable by property buyers investing in the suburb.
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.