Bright VIC 3741

Here you can find what you need to know about Bright, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$568k Median Sale Price (National Average $485k) 383rd In VIC
14.07% Median Price Change (1 yr) (National Average 4.30%) 86th In VIC
$375pw Median Rent (National Average $395) 405th In VIC
3.4% Median Gross Yield (National Average 4.24%) 310th In VIC
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Properties sold 46
Average discounting -4.29%
Average Days on Market 92
Stock on Market 13 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Bright, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Bright, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Bright, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Property Prices in Bright


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State Auction Clearance Rates - July 2019

Auctions Clearance rate
VIC 397 72%
ACT 30 67%
NSW 296 85%
NT 7 67%
QLD 80 49%
SA 51 53%
TAS 5 100%
WA 12 50%

Local Schools


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Suburb Information

Bright, VIC 3741

Part of: Alpine Council No data available

The size of Bright is approximately 133.5 square kilometres. It has 11 parks covering nearly 75.7% of total area. The population of Bright in 2011 was 2,165 people. By 2016 the population was 2,423 showing a population growth of 11.9% in the area during that time. The predominant age group in Bright is 60-69 years. Households in Bright are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Bright work in a managers occupation. In 2011, 68.8% of the homes in Bright were owner-occupied compared with 69.4% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Bright

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Bright   for Houses in last 12 months


There have been 46 Houses sold in Bright in the past 12 months with a median sale price of $568K, up 14.07% annually. It takes on average 92 days to sell with vendor discounting of -4.29%.

Streets in Bright


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Porepunkah VIC, 3740 52.56% $595,000 $435pw 3.8% View Suburb Profile
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Myrtleford VIC, 3737 -2.54% $287,500 $290pw 5.2% View Suburb Profile
Mount Beauty VIC, 3699 10.63% $304,500 $285pw 4.9% View Suburb Profile
Beechworth VIC, 3747 5.87% $415,000 $340pw 4.3% View Suburb Profile
Brighton VIC, 3186 -17.76% $2,350,000 $1,050pw 2.3% View Suburb Profile