VIC has seen average median house prices change by 4.75% which means that Nyah West, 3595 has done well for property investors by showing a capital gain of 13.08% over the last year
A 51.55% growth in median value for property investors in Nyah West,3595 puts this suburb at number 36th in terms of best performing suburbs in VIC
At number 34th of VIC’s most discounted properties, Nyah West is in the bottom 10% of the state/territory when listing in order of most discounted to least.
Nyah West is 16th on a list of best yielding suburbs for rents in VIC with a 7.78% return
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Information supplied by:
February 2019
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Formed with the extension of Swan Hill’s railway line past the suburb of Nyah in 1915, Nyah West is a small suburb that serves as a business and commercial centre focusing on wine, dried fruit, vegetables and wool – industries it shares with NyahFull summary
Growth potential in the housing market
Postcode: 3595
Median house price: $137,000
Three-year growth: -4.0%
Rental yield: 8.7%
Formed with the extension of Swan Hill’s railway line past the suburb of Nyah in 1915, Nyah West is a small suburb that serves as a business and commercial centre focusing on wine, dried fruit, vegetables and wool – industries it shares with Nyah.
Nyah West is showing promise in terms of growth – prices increased by 2.6% in the 12 months to November 2018. This brings the median value of the house market to $137,000 –the remarkable affordability of this suburb is likely to draw interest, along with the incredible 8.7% return investors can get off an average rent of $230 per week.
Nyah West places a lot of value on recreation. A swimming pool is nearby, along with a boat ramp and facilities for sports like tennis, football and cricket. Nyah West itself has a golf course.
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