106 Coronation AvenueBright VIC 3741
Property Details for 106 Coronation Ave, Bright
Last Listing description (March 2017)
Situated in the heart of the Mystic Bowl, a paraglider's paradise and recreational centre of Bright, The Outdoor Inn is located just 2.5 km from the Bright CBD.
3.331 hectares zoned as Residential 1 under the Alpine Shire Planning Scheme, The Outdoor Inn is one of the few appropriately zoned properties within a reasonable distance of town that offer the opportunity of re-development as either a residential subdivision or caravan park, cabin park or a mixture of accommodation and residential house lots subject to council approval. Currently the business caters to the accommodation and camping requirements of back packers, para gliders, and bike riders.
Fronting the property is the walking / cycling path linking Bright to Wandiligong. Bright is a very walking and cycle friendly shire, one of it's many attributes which contributes to the overall lifestyle that living in Bright has to offer.
Property History for 106 Coronation Ave, Bright, VIC 3741
- 16 May 2024Sold for $10,000,000
- 16 Dec 2016Sold for $1,300,000
- 03 Dec 2014Listed for Sale $1,350,000 Freehold & Business
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About Bright 3741
The size of Bright is approximately 133.5 square kilometres. It has 14 parks covering nearly 35.2% of total area. The population of Bright in 2016 was 2406 people. By 2021 the population was 2620 showing a population growth of 8.9% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Bright work in a professional occupation.In 2021, 72.40% of the homes in Bright were owner-occupied compared with 69.40% in 2016.
Bright has 2,458 properties. Over the last 5 years, Houses in Bright have seen a 48.99% increase in median value, while Units have seen a 32.56% increase. As at 31 March 2026:
- The median value for Houses in Bright is $1,062,737 while the median value for Units is $616,749.
- Houses have a median rent of $600 while Units have a median rent of $450.
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