The post-budget guide to commercial property investing

Yallambie

POSTAL CODE: VIC, 3085
HOUSE

Property investors enjoyed capital gains of 2.95% over the last 12 months in YALLAMBIE, translating to higher returns compared with its peers in VIC.

Figures from the previous quarter show that capital gains for real estate buyers in YALLAMBIE are low, as opposed to average gains per annum over the past five years.

The suburb posted a 8.45% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

On average, rents on listings have reached the $650 mark, reflecting a 3.37% increase in returns based on the current median price in YALLAMBIE.

YALLAMBIE, 3085 ranks 429th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 357th on the list of best yielding suburbs for rental properties in VIC, posting a 3.37% return.

Surburb overview

Yallambie, located approximately 15 kilometres northeast of Melbourne's Central Business District, is a suburb of the City of Banyule. According to the 2021 census, It has a population of 4,161 residents. The community comprises a mix of families, professionals, retirees, singles, and students.

Public transportation in Yallambie includes bus services that connect residents to nearby train stations, such as Macleod Station on the Hurstbridge line. These bus routes also provide access to shopping centres like Greensborough Plaza and Northland Shopping Centre.

Essential establishments in Yallambie encompass educational institutions like Streeton Primary School, which resulted from the merger of Watsonia South Primary School and Yallambie Primary School. The suburb also hosts the Australian Radiation Protection and Nuclear Safety Agency (ARPANSA) and the Simpson Army Barracks, highlighting its significance in national defence and public health.

Recreational activities are well-supported, with Yallambie Park providing green spaces for outdoor pursuits. The suburb is home to the Banyule City Soccer Club, which competes in the FFV State League Division 1. Additionally, the proximity to the Plenty River and its parklands offers residents opportunities for walking, cycling, and observing local wildlife.

Separate houses characterise the housing market in Yallambie. The median property price is approximately $1,017,500. The area is known as General Residential, reflecting its established suburban nature.

Yallambie's combination of accessible transportation, essential services, educational facilities, and recreational spaces contributes to its appeal as a residential suburb in Melbourne's north-east.

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