Kyneton recorded a median house price of $562,500 and a median vacant land price of $334,000 in Q4 2018. This represents annual (Q4 2017 – Q4 2018) price growth of 6.6% and 51.8% respectively. Such a large spike in vacant land price is attributed to a very low land sales volume, with just 4 sales recorded during Q4 2018. The Kyneton 2nd Half 2018 Property Factsheet recorded annual (Q2 2017 – Q2 2018) price growth of 9.8% and 0.0% for houses and vacant land respectively. This means that by comparison, houses have grown at a more affordable level, whilst land has seen a strong increase in median price. Again, a sharp increase in vacant land price growth is in part reflective of a low sales volume for land in Kyneton.
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