Bairnsdale has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.73% to date .
Across a shorter period, Bairnsdale, 3875 has seen a median price increase of 5.09% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Bairnsdale is offering property investors an average of -6.34. This rate of discount on properties puts Suburb at number 480th in terms of most discounted suburbs in VIC
Advertised rents are around the $310 mark per week – giving a return of 5.58% based on the median price in Suburb
Investment property in Bairnsdale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 2.38%
Comparing Bairnsdale,3875 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Bairnsdale itself are offering an average vendor discount of -5.66% to real estate investors.
Information supplied by:
Median House Price: $269,000
Current Yield (houses): 5.8%
Average annual growth (houses): 2.6%
Median Unit Price: $205,000
Current Yield (units): 6.3%
Average annual growth (units): 1.6%
A highly affordable suburb in the East Gippsland region, Bairnsdale couples its affordability with growth potential and high rental returns.
The house market has an average annual growth rate of 2.6%, with prices increasing by 1.5% in the 12 months to July 2019. Meanwhile, units boast a remarkable yield of 6.3% for landlords off a weekly average rent rate of $250.
The suburb serves as the commercial centre of East Gippsland, which could certainly account for the demand in the area.