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 3.0% and has experienced a 12-month capital growth of Up 16.9%, with a median house buy price of $1,175,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.
Market Yield & Price Indices
$905,000
$985,000
$1,450,000
$1,175,000
Suburb Market Profile
Last month Bright had 3 properties available for rent and 65 properties for sale. Median property prices over the last year range from $1,175,000 for houses to $665,000 for units. If you are looking for an investment property, consider houses in Bright rent out for $598 PW with an annual rental yield of 3.0% and units rent for $445 PW with a rental yield of 4.1%. Bright has seen an annual compound growth rate of 16.9% for houses and 0.8% for units.