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Investment Property Bright, VIC, 3741

Suburb Snapshot

Bright is a suburb in the Alpine Region of Victoria. Bright has a population of 2,399 people and 17.73% of its occupants live in rental accommodation. The median listing price for houses is $1,180,000 and this has changed -3.68% over the past year and changed -12.44% over 2 years.

The median rent in Bright for houses is $600 per week and the median rental yield is 2.64%. Stock on the market for houses/townhouses has changed 36.17% compared to last year and the average time to sell a house/townhouse is 184 days.The median listing price for units is $622,000 and this has changed 1.13% over the past year. The average unit takes 206 days to sell and the median rent for a unit in Bright is $400 per week, producing a rental yield of 3.34%.

Supply & Demand in Bright, Alpine

0.77%

Current vacancy rate


14

Rental stock available


2,399

Population


17.73%

Rental population


0.41%

Current vacancy rate


37

Rental stock available


12,335

Population


16.97%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Bright, Alpine

  House Townhouses Units
Median listing price $1,180,000 NA $622,000
Median price change - last quarter -1.26% NA -1.12%
Median price change - 1 year -3.68% NA 1.13%
Median price change - 2 years -12.44% NA -1.12%
  House Townhouses Units
Median weekly rent $600 NA $400
Median yield % 2.64% NA 3.34%
Median rent change - 1 year NA NA NA
  House Units
Previous month sales 1 1
Stock on market previous month 64 8
Stock variance vs. last year 36.17% -20.00%
Average days on market 184 206

Bright investment property listings

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