‘Great buying opportunities’ for careful investors looking at new-builds
Situations like Sydney’s Opal Tower fiasco have buyers cautious of the new-build market, but there are bargains to be had for those who ar...
Figures from the previous quarter show that capital gains for real estate buyers in SOUTH YARRA are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $675 based on current median home prices for the suburb.
On average, rents on listings have reached the $675 mark, reflecting a 2.26% increase in returns based on the current median price in SOUTH YARRA.
SOUTH YARRA, 3141 ranks 705th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 499th on the list of best yielding suburbs for rental properties in VIC, posting a 2.26% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,550,000 | $570,000 |
| GROWTH REPORT | ||
| Median Quarterly | -11.05% | -1.38% |
| Median 12 month | -17.33% | -3.39% |
| Median 3 years | 7.08% | -3.06% |
| Median 5 years | 78.16% | 5.56% |
| 10 years average annual | 5.32% | 2.24% |
| Weekly media advert. rent | $675 | $470 |
| Time on Market | 71.5 days | 80.3 days |
| Gross Rental Yield Percent | 2.26% | 4.29% |
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