AREA REPORTS

Bright

VIC/
Bright

Suburb Profile

Bright - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3741

house
unit

Homeowners and real estate investors betting on BRIGHT, 3741 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 17.35%.

A steady increase in median property prices over a five-year period in the suburb translates to a 47.44% capital gain.

Property investors in BRIGHT enjoyed capital gains of 17.35% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $575,000.

Profits due to an upward trend in home prices there averaged 15.81% per annum over a 3-year period.

Home owners selling their properties and realtors in BRIGHT usually have to wait an average of 81.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $375 mark, reflecting a 3.39% increase in returns based on the current median price in BRIGHT.

BRIGHT, 3741 places 23rd in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $575,000 $347,000
GROWTH REPORT
Median Quarterly 9% -8.68%
Median 12 month 17.35% -0.57%
Median 3 years 47.44% 18.23%
Median 5 years 82.54% 69.27%
10 years average annual 9.48% 4.49%
Weekly media advert. rent $375 $310
Time on Market 81.2 days 0.0 days
Gross Rental Yield Percent 3.39% 4.65%
demographics (median values)
Total Population
2112
Weekly Household Income
616.1
Household Size
2.20
demographics
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