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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

Showing 1 of 1 investment properties found in Bright on realestateinvestar.com.au

11 Ireland St, Bright

$1,650,000

property pic

Prominent Commercial Freehold Opportunity

Sitting proudly along the western side of Ireland Street is one of Brights most recognisable commercial properties, "Buckleys". The original Buckley's Store was built in 1891 with the building being enlarged and a second storey added around 1900, creating the magnificent building we see today. The ...

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Commercial

VIC 3741


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