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 $340,000.
The upward trend in home prices in YARRAWONGA, 3730 averaged 5.75% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 4.89% increase in returns based on the current median price in YARRAWONGA.
An average of 17.67 real estate transactions take place per month in YARRAWONGA which translates to 212 per annum.
212 properties were sold in YARRAWONGA in 2016, making it the 434th most active market in VIC based on total real estate transactions.
YARRAWONGA, 3730 places 141st in Australia based on median property value growth during the quarter.
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 $225,000.
Investors saw the median home price rise to $225,000.
The downward trend in home prices in YARRAWONGA, 3730 averaged -0.29% per annum over a 3-year period.
YARRAWONGA now ranks at the th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in YARRAWONGA are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $250 based on current median home prices for the suburb.
It is expected for properties to spend some time on the market prior to a successful sale. In YARRAWONGA, homes and units usually stay on listing for an average of 102.6 days.
59 properties were sold in YARRAWONGA in 2016, making it the 71st most active market in VIC based on total real estate transactions.
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