BRIGHT 3741
State: VICPosiProp AI Investment Summary
BRIGHT (VIC 3741) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.5% and has experienced a 12-month capital growth of Down -8.3%, with a median house buy price of $1,077,500. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$852,500
$1,030,000
$1,225,000
$1,077,500
Suburb Market Profile
Last month Bright had 6 properties available for rent and 74 properties for sale. Median property prices over the last year range from $1,077,500 for houses to $593,828 for units. If you are looking for an investment property, consider houses in Bright rent out for $590 PW with an annual rental yield of 3.5% and units rent for $450 PW with a rental yield of 4.1%. Bright has seen an annual compound growth rate of -8.3% for houses and -10.7% for units.
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