Property investors enjoyed capital gains of 23.6% 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 6.91% growth over a ten-year period. It ranks 988th on our list of suburbs that property investors should look into.
YARRA JUNCTION, 3797 has a capital gain of 23.6% for the past year, which is higher than average compared to its 48.65% growth within a five-year period.
With the median home price in YARRA JUNCTION sitting at $550,000, and the average rent at $360, property owners could potentially earn a 3.4% increase in gross rental yield.
A 23.6% increase in median property prices in YARRA JUNCTION, 3797 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 61st.
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.