20 Perth Suburbs That Have Already Surpassed Expert Predictions
The REIWA’s earlier forecasts for Perth’s property market are on track to be exceeded, with 20 suburbs recording bet...
Based on its average 5-year and quarterly capital gains DAYLESFORD, 3460 saw average growth in the long term.
A survey of average capital gains or median home price increase in suburbs across the country shows that DAYLESFORD, 3460 obtained a 6.73% growth over a ten-year period. It ranks 571st on our list of suburbs that property investors should look into.
DAYLESFORD, 3460 in VIC belongs to the local government area of Hepburn (S).
DAYLESFORD, 3460 has a capital gain of 18.17% for the past year, which is higher than average compared to its 60.23% growth within a five-year period.
With the median home price in DAYLESFORD sitting at $709,000, and the average rent at $397.5, property owners could potentially earn a 2.92% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in DAYLESFORD are low, as opposed to average gains per annum over the past five years.
A 18.17% increase in median property prices in DAYLESFORD, 3460 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 80th.
The township of Daylesford is an idyllic destination marked by rolling hills, misty hot springs, lush vineyards and sprawling lavender fields. An hour’s drive from Melbourne, it is a popular escape among city dwellers who are enthralled by the scenic Lake Daylesford and its waters' healing properties. Daylesford is also renowned throughout the country for its vibrant food and art scene.
Born out of a gold rush, Daylesford drew a wave of Swiss and Italian immigrants during the mid-1800s, when alluvial gold was discovered on its shores. This vibrant period saw the emergence of Daylesford as a promising settlement and shaped a great deal of its history and local culture. A number of historic buildings were erected during this time as the city enjoyed immense growth.
The town’s expansion plateaued for a while, until enterprising property investors took notice of Daylesford’s potential. Bargain-hunting real estate buyers bought acres of fertile land to be turned into farming areas or wineries some 30 to 40 years ago. Others, meanwhile, focused on renovating derelict properties and turned them into the charming bed and breakfasts and luxury spas that define the township’s reputation today.
Despite all the hype surrounding Daylesford, majority of its real estate remains affordable, save for a few heritage properties that go on the market from time to time. This value is still unparalleled, compared to other tourism hotspots in the country.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||18.17%||N/A|
|Median 3 years||40.81%||N/A|
|Median 5 years||60.23%||N/A|
|10 years average annual||6.73%||N/A|
|Weekly media advert. rent||$397.5||N/A|
|Time on Market||73.7 days||N/A|
|Gross Rental Yield Percent||2.92%||N/A|