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Bright, VIC 3741
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,080,000
market range $1.1M-$1.2M
Median Unit
$630,000
market range $575K-$700K
Gross Yield (units)
4.0%
1yr Growth (houses)
-4.2%
market range -12.5% to +5.0%
Investment snapshot for Bright
Bright has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bright market and investor summary
In Bright, VIC 3741, the median house sells for around $1.1M. House prices have moved -4.2% over the past year. At 0.2% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.2% and a resident base that is not shrinking. Houses also take time to sell, around 126 days on market, so plan for a slower exit if you ever need one.
Living in Bright: people, income and schools
About 2,620 people live in Bright, a number that has held fairly steady over five years. At a median age of 49, it reads as skewed a little older, and 72% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $70,000 a year (about $1,350 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 15.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 40% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 2 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 45 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 2,620
- +3% over 5yr
- Median age
- 49 years
- Median household income
- $70,000/yr
- Households renting
- 23%
- Family households
- 66%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1055
- Unemployment
- 2.2%
- Walk score
- 45/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bright
No properties currently listed in Bright
Search Bright listings →Frequently asked questions about Bright
What should I check before investing in Bright?
Bright has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Tight rental market (0.2% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bright?
The median property price in Bright, VIC 3741 is $1.1M for houses and $630K for units.
What rental yield does Bright show?
The gross rental yield in Bright is 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Bright?
House prices in Bright are down 4.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Bright?
The current vacancy rate in Bright is 0.2%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Bright?
Bright has a population of approximately 2,620 residents, with a median age of 49.
What schools are near Bright?
There are 2 schools within roughly 5km of Bright. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bright affordable to buy in?
A median house in Bright costs about 15.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Bright's population growing?
The population of Bright has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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