GREATER Shepparton is a thriving and vibrant regional centre that continues to offer appealing options for families and individuals seeking to live, grow, and prosper. As one of Victoria’s most prosperous and rapidly growing regions, it provides the perfect balance of peaceful living with easy access to modern amenities, excellent schools, and diverse career opportunities, helping residents lead their best lives.
For investors, the property market in Greater Shepparton also presents an attractive opportunity, with both houses and units showing solid growth and delivering decent rental yields.
As of November 2024, the median house price stands at $456,500, reflecting an annual growth rate of 4.94 per cent. In the past quarter, house prices have seen a modest increase of 0.88 per cent. The rental yield for houses is 5.21 per cent, with an average weekly rent of $470. Homes in Shepparton tend to stay on the market for an average of 50 days, and there were 546 house sales over the past 12 months. These figures, sourced from November 2024, suggest a stable, growing market with strong rental returns.
On the unit side, prices are more affordable, with a median price of $369,500. Units have experienced remarkable annual growth of 11.50 per cent, with quarterly growth standing at 2.35 per cent. Units also offer a slightly higher rental yield of 5.66 per cent, with an average weekly rent of $385. However, the number of unit sales is lower, with just 60 sales over the past year. Units take longer to sell, with an average of 65 days on the market.
Overall, Shepparton’s property market, based on data from November 2024, presents a solid option for long-term investors seeking stability and strong rental returns.
