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Beechworth
AREA REPORTS

Beechworth

Beechworth - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3747

house

Property investments in BEECHWORTH fare well against the rest of the country last year, registering a median home price increase of 20.37%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains BEECHWORTH, 3747 saw average growth in the long term.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 40.0 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $650,000.

BEECHWORTH ranks 186th on the list of best yielding suburbs for rental properties in VIC, posting a 3.36% return.

Data report can be found below

Beechworth
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,000 N/A
GROWTH REPORT
Median Quarterly 1.17% N/A
Median 12 month 20.37% N/A
Median 3 years 53.12% N/A
Median 5 years 83.1% N/A
10 years average annual 7.72% N/A
Weekly media advert. rent $420 N/A
Time on Market 40.0 days N/A
Gross Rental Yield Percent 3.36% N/A
demographics (median values)*
Total Population
4625
Weekly Household Income
1170
Household Size
2.30
Age
49
Monthly Loan Repayment
1428
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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