Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
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 $265,000.
The upward trend in home prices in BAIRNSDALE, 3875 averaged 2.87% per annum over a 3-year period.
Average weekly rents on listings have reached the $280 mark, reflecting a 5.49% increase in returns based on the current median price in BAIRNSDALE.
An average of 15.17 real estate transactions take place per month in BAIRNSDALE which translates to 182 per annum.
182 properties were sold in BAIRNSDALE in 2016, making it the 495th most active market in VIC based on total real estate transactions.
BAIRNSDALE, 3875 places 591st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||5.58%||4.13%|
|Median 3 years||8.61%||11.4%|
|Median 5 years||15.22%||18.27%|
|10 years average annual||2.69%||2.87%|
|Weekly media advert. rent||$280||$240|
|Time on Market||105.3 days||0.0 days|
|Gross Rental Yield Percent||5.49%||5.21%|