Property value increases in Nyah West have tracked lower than the VIC average of -0.15% over the last 12 months.
Across a shorter period, Nyah West, 3595 has seen a median price increase of -31.48% over the last quarter.
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Information supplied by:
February 2019
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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.