House Prices To Add Another 20% If Banks Don't Slam The Brakes
Chatter about the possible introduction of macro prudential controls to slow house price growth is increasing, while rep...
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 $451,000.
The upward trend in home prices in YARRAWONGA, 3730 averaged 12.68% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 4.04% increase in returns based on the current median price in YARRAWONGA.
An average of 12.92 real estate transactions take place per month in YARRAWONGA which translates to 155 per annum.
155 properties were sold in YARRAWONGA in 2016, making it the 567th most active market in VIC based on total real estate transactions.
YARRAWONGA, 3730 places 153rd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.27%||-5%|
|Median 3 years||38.03%||9.92%|
|Median 5 years||50.33%||15.65%|
|10 years average annual||4.61%||3.87%|
|Weekly media advert. rent||$350||$267.5|
|Time on Market||124.3 days||100.2 days|
|Gross Rental Yield Percent||4.04%||5.23%|