Over the last year, property investments in Baxter, 3911 have given investors a capital gain of 2.36%. This compares averagely with the 3.76% for VIC as a whole.
A 64.39% growth in median value for property investors in Baxter,3911 puts this suburb at number 293th in terms of best performing suburbs in VIC
At number 564th of VIC’s most discounted properties, Baxter is in the TOP 10% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Baxter have been waiting around 24.34 days to sell a property.
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