If you compare the increase in value of investment property in Beveridge, 3753 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.33%.
While Beveridge,3753 ranked number 630th in VIC for increase in median house value (annualised) increase, it is ranked 30th over the last 5 years.
Vendor discounting in Beveridge is giving property investors an average Vendor Discount of around -13.21%. This puts suburb at number 3rd in VIC when ranking the most discounted suburbs.
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Beveridge, VIC – Accessibility spurs growth
Median house price: $570,000
Three-year growth: 34.4%
Rental yield: 3.7%
A town of Victoria, Beveridge is located 62km from Melbourne CBD. It is most popular for its history of being the birthplace of Ned Kelly, with the cottage he grew up in still able to be seen on Kelly street.
Residents are able to access business opportunities along the major highways that connect the town to Melbourne, which can be reached in under an hours’ drive. The nearby Kinglake National Park provides for a great outdoors escape, with plenty walking trails and scenic views.
Additional shopping and medical amenities can be accessed in the nearby suburb of Craigieburn, which has Highlands Shopping Centre and Craigieburn Plaza Shopping Centre, as well as a leisure centre.