Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $321,783.
The upward trend in home prices in YARRAWONGA, 3730 averaged 1.32% per annum over a 3-year period.
Average weekly rents on listings have reached the $305 mark, reflecting a 4.93% increase in returns based on the current median price in YARRAWONGA.
An average of 17.83 real estate transactions take place per month in YARRAWONGA which translates to 214 per annum.
214 properties were sold in YARRAWONGA in 2016, making it the 431st most active market in VIC based on total real estate transactions.
YARRAWONGA, 3730 places 502nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0.56%||1.51%|
|Median 3 years||3.97%||9.01%|
|Median 5 years||10.58%||-2.68%|
|10 years average annual||2.5%||1.05%|
|Weekly media advert. rent||$305||$250|
|Time on Market||137.3 days||104.4 days|
|Gross Rental Yield Percent||4.93%||5.51%|