Government Extends Home Guarantee Scheme With 40,000 New Places
The dawn of the new financial year has brought with it an expansion of the Home Guarantee Scheme, with the Albanese gove...
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 $558,500.
The upward trend in home prices in YARRAWONGA, 3730 averaged 19.86% per annum over a 3-year period.
Average weekly rents on listings have reached the $415 mark, reflecting a 3.86% increase in returns based on the current median price in YARRAWONGA.
An average of 15.08 real estate transactions take place per month in YARRAWONGA which translates to 181 per annum.
181 properties were sold in YARRAWONGA in 2016, making it the 528th most active market in VIC based on total real estate transactions.
YARRAWONGA, 3730 places 71st in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||16.35%||18.02%|
|Median 3 years||59.57%||37.03%|
|Median 5 years||74.53%||41.16%|
|10 years average annual||7.91%||3.9%|
|Weekly media advert. rent||$415||$300|
|Time on Market||58.3 days||75.2 days|
|Gross Rental Yield Percent||3.86%||4.76%|