Property market update: Perth, September 2019
Experts believe that, while other major capital series are on their way to recovery, Perth is just “at the right stage of the property cyc...
Property investors enjoyed capital gains of 5.71% over the last 12 months in YARRA JUNCTION, translating to lower returns compared with its peers in VIC.
A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 6.27% growth over a ten-year period. It ranks 1289th on our list of suburbs that property investors should look into.
YARRA JUNCTION, 3797 has a capital gain of 5.71% for the past year, which is lower than average compared to its 39.97% growth within a five-year period.
With the median home price in YARRA JUNCTION sitting at $555,000, and the average rent at $420, property owners could potentially earn a 3.94% increase in gross rental yield.
Figures from the previous quarter show that capital gains for real estate buyers in YARRA JUNCTION are low, as opposed to average gains per annum over the past five years.
YARRA JUNCTION, 3797 in VIC belongs to the local government area of Yarra Ranges (S).
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $555,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -0.45% | N/A |
| Median 12 month | 5.71% | N/A |
| Median 3 years | 33.73% | N/A |
| Median 5 years | 39.97% | N/A |
| 10 years average annual | 6.27% | N/A |
| Weekly media advert. rent | $420 | N/A |
| Time on Market | 42.9 days | N/A |
| Gross Rental Yield Percent | 3.94% | N/A |
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