Auction ban drives up withdrawal rates
The number of owners withdrawing their property from auction soared to 40 per cent last week, following the introduction of a ban on auction...
The suburb’s capital gain of -1.87% for the past year is lower than average compared to its 26.2% growth within a five-year period.
Also in YAMBA, the median home price is sitting at $525,000, and the average rent at $495, this suggests property owners could potentially earn a 4.9% increase in gross rental yield.
Property investors have seen a -5.75% drop in YAMBA based on a decrease 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 4.08% growth over a ten-year period. It ranks 1949th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $525,000 | $422,500 |
| GROWTH REPORT | ||
| Median Quarterly | -5.75% | 0.6% |
| Median 12 month | -1.87% | 2.11% |
| Median 3 years | 2.24% | 20.03% |
| Median 5 years | 26.2% | 38.52% |
| 10 years average annual | 4.08% | 3.76% |
| Weekly media advert. rent | $495 | $405 |
| Time on Market | 84.2 days | 102.5 days |
| Gross Rental Yield Percent | 4.9% | 4.98% |
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