Baxter has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 8.48% to date .
Baxter,3911 was ranked 1551 in Australia by increase in median property value over the quarter.
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 Baxter, 3911. Typically our figures indicate that -3.06% is being offered, which puts this VIC suburb at 3447th most discounted overall in Australia.
Baxter, 3911’s gross rental yield is 3.83%
House prices in Baxter are quite low, with a median of under $450,000. Thus, for many buyers, settling here could be a solution to Melbourne’s affordability problem.Full summary
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Fringe suburb leverages its affordability
Median house price: $420,000
Three-year growth: 28.83%
Rental yield: 4.33%
On the outskirts of Melbourne’s urban district, Baxter may be regarded as a rural suburb, but it certainly shows as much potential as its city counterparts.
In fact, this distinction may be working to Baxter’s advantage as house prices are quite low here – a median of under $450,000. Thus, for many buyers, it could be a solution to Melbourne’s affordability problem. It is just an hour’s drive to the CBD – a move that residents may be willing to make to save on housing costs.
As a result, the suburb has been reporting consistent growth for the past 5 years at an average annual rate of 7.5%. At 4.3%, investor returns are considerable as well. Baxter is served by a railway station, as well as buses. There are also several primary schools and a kindergarten for families with young children.Close