Melbourne update: Buyer demand continues to drop
New research by Domain has shown that buyer demand for houses and units declined 13.8 per cent and 19.7 pr cent, respectively, over a period...
The suburb’s capital gain of -1.78% for the past year is lower than average compared to its 39.87% growth within a five-year period.
Also in YAMBA, the median home price is sitting at $552,500, and the average rent at $490, this suggests property owners could potentially earn a 4.61% increase in gross rental yield.
Property investors have seen a 0% gain in YAMBA based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 4.03% growth over a ten-year period. It ranks 1943rd on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $552,500 | $425,000 |
| GROWTH REPORT | ||
| Median Quarterly | 0% | -0.87% |
| Median 12 month | -1.78% | 1.19% |
| Median 3 years | 10.5% | 11.84% |
| Median 5 years | 39.87% | 46.8% |
| 10 years average annual | 4.03% | 2.52% |
| Weekly media advert. rent | $490 | $410 |
| Time on Market | 77.4 days | 111.5 days |
| Gross Rental Yield Percent | 4.61% | 5.02% |
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