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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 $1,210,000 and this has changed 0.83% over the past year and changed -12.95% over 2 years.

The median rent in Bright for houses is $600 per week and the median rental yield is 2.57%. Stock on the market for houses/townhouses has changed 50.00% compared to last year and the average time to sell a house/townhouse is 155 days.The median listing price for units is $652,000 and this has changed 7.41% over the past year. The average unit takes 151 days to sell and the median rent for a unit in Bright is $400 per week, producing a rental yield of 3.19%.

Supply & Demand in Bright, Alpine

0.77%

Current vacancy rate


14

Rental stock available


2,399

Population


17.73%

Rental population


0.44%

Current vacancy rate


40

Rental stock available


12,335

Population


16.97%

Rental population


0.93%

Current vacancy rate


28,886

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 $1,210,000 NA $652,000
Median price change - last quarter -1.26% NA -1.12%
Median price change - 1 year 0.83% NA 7.41%
Median price change - 2 years -12.95% NA 3.65%
  House Townhouses Units
Median weekly rent $600 NA $400
Median yield % 2.57% NA 3.19%
Median rent change - 1 year NA NA -2.44%
  House Units
Previous month sales 1 1
Stock on market previous month 72 10
Stock variance vs. last year 50.00% 25.00%
Average days on market 155 151

Bright investment property listings

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