Yarrawonga

POSTAL CODE: VIC, 3730

HOUSE

UNIT

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 $641,000.

The upward trend in home prices in YARRAWONGA, 3730 averaged 1.69% per annum over a 3-year period.

Average weekly rents on listings have reached the $550 mark, reflecting a 4.46% increase in returns based on the current median price in YARRAWONGA.

An average of 15.92 real estate transactions take place per month in YARRAWONGA which translates to 191 per annum.

191 properties were sold in YARRAWONGA in 2016, making it the 485th most active market in VIC based on total real estate transactions.

YARRAWONGA, 3730 places 272nd 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 $438,500.

Investors saw the median home price rise to $438,500.

The upward trend in home prices in YARRAWONGA, 3730 averaged 0.78% per annum over a 3-year period.

YARRAWONGA now ranks at the 280th 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 low, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of $400 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 87.1 days.

38 properties were sold in YARRAWONGA in 2016, making it the 145th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$641,000	$438,500
Growth Report
Median Quarterly	0.94%	-1.46%
Median 12 month	8.64%	-7.68%
Median 3 years	5.08%	2.33%
Median 5 years	27.56%	51.21%
10 years average annual	7.84%	7.74%
Weekly media advert. rent	$550	$400
Time on Market	109.6 days	87.1 days
Gross Rental Yield Percent	4.46%	4.74%

Demographics (Median Values)*

Total Population 8833

Weekly Household Income 994

Household Size 2.30

Average Age 49

Monthly Loan Repayment 1387

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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