Kilmore is an average performer in VIC when comparing median price capital growth over the last year. Kilmore gave property investors a good capital gain figure when compared to the rest of the state, with 1.99%.
A 33.64% growth in median value for property investors in Kilmore,3764 puts this suburb at number 597th in terms of best performing suburbs in VIC
Kilmore3764 is located in VIC which offers an average discount of -6.90% to property investors. Kilmore itself is showing figures that indicate -6.52% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Kilmore have been waiting around 63.6218 days to sell a property.
With the median price for a house in Kilmore being $435000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.30%
Investment property in Kilmore 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 4.76%
Comparing Kilmore,3764 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Kilmore should be aiming for at least -3.22% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Kilmore have been waiting around 45.8333 days to sell a property.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 4.73%
Information supplied by:
Striking growth in old suburb
Median house price: $440,000
Three-year growth: 30.3%
Rental yield: %
The suburb of Kilmore is situated within a town that is one of the oldest inland towns in the state. It has a strong Irish heritage, which is celebrated throughout the area.
The suburb logged remarkable growth over the year to February 2019 – a whopping 15.3% boost in house prices. Even then, the median price remains fairly low at under $450,000.
Among the highlights are the local post office, court house, police barracks and Whitburgh Cottage, all of which were constructed in the late 1800s. In fact, Whitburgh Cottage houses a museum showcasing 19th century knickknacks.
Kilmore’s focus on its history certainly doesn’t mean it’s stuck in the past. The commercial scene is centred on Sydney Street, where there are shops, hotels and supermarkets. Kilmore Creek runs along this street as well, and residents can lie back and relax in the local park.