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Churchill

POSTAL CODE: VIC, 3842
HOUSE

Based on its average 5-year and quarterly capital gains CHURCHILL, 3842 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 CHURCHILL, 3842 obtained a 9.48% growth over a ten-year period. It ranks 229th on our list of suburbs that property investors should look into.

CHURCHILL, 3842 in VIC belongs to the local government area of Latrobe (Vic.).

CHURCHILL, 3842 has a capital gain of 14.58% for the past year, which is lower than average compared to its 75.53% growth within a five-year period.

With the median home price in CHURCHILL sitting at $412,500, and the average rent at $420, property owners could potentially earn a 5.29% increase in gross rental yield.

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

Surburb overview

Along the Princes Highway, 161 kilometres east of Melbourne’s CBD in Victoria’s scenic La Trobe, lies Churchill, a renowned commuter suburb for people working in the area and surrounding districts.

Churchill boasts the Gippsland Campus for Federation University, which houses a reported 2,500 staff, and the breathtaking Lake Hyland, a popular destination for fishermen, birdwatchers, and walkers alike.

The region is within a short drive of both the Latrobe Regional Hospital and the Maryvale Private Hospital. Just under 5,000 people call the area home, with a median age of 38 and an average household income of just over $1,100. About 7.3 per cent of the town’s population is aged between 20 and 24, which is 1 per cent higher than the Victorian state average.

Over the past few years, Churchill’s property market has experienced steady growth, with average annual growth at 8.70 per cent, while prices soared 20.7 per cent in the 12 months to January 2023, making it a promising investment opportunity for those seeking out regional lifestyles.

Despite such a rapid rise in home values through that 12-month period, Churchill, named in honour of Sir Winston Churchill, possesses a median house price of $365,000. Gross rental yields in the town are 5 per cent, while median rents are 350.

Charlotte Pascoe, chief executive officer at Stockdale & Leggo, said: “Nearby infrastructure is great; [the] general areas offer excellent education, medical, and sporting facilities [while offering] lifestyle change potential.”

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