Property investors who have had real estate in Bairnsdale, 3875 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.47%
Taking the average capital gain, or increase in median house value, Bairnsdale,3875 has racked up an average of -0.47% over the period. This ranks it number 2583th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Bairnsdale is $267000, with sellers offering an average of -4.83% off the asking price.
A $300 per week rent on the median house gives suburb investors a gross yield of circa 5.84%, without taking into account capital value appreciation, which has been averaging out at 2.53%.
Bairnsdale, 3875 ranked 346th in VIC when comparing growth in median property values or capital gain over the last 12 months. Bairnsdale is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bairnsdale has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Bairnsdale, 3875. Typically our figures indicate that -3.27% is being offered, which puts this VIC suburb at 1333th most discounted overall in Australia.
In the last year 24 properties changed hands in Bairnsdale, which puts it as the 264th most active market in VIC when comparing the number of sales per suburb.