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Yarragon
AREA REPORTS

Yarragon

Yarragon - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3823

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A 45.78% increase in median property prices in YARRAGON, 3823 has allowed this suburb to join the ranks of best performing suburbs in VIC, settling at number 11th.

A steady increase in median property prices over a five-year period in the suburb translates to a 54.14% capital gain.

It 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 $605,000

The augmented property values in the suburb are trailing above the territorial average of 18.09% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $417.5.

Home owners selling their properties and realtors in YARRAGON usually have to wait an average of 51.2 days days before their assets are lifted off the market.

The VIC suburb ranks 136th on the list of best yielding suburbs for rental properties in VIC, posting a 3.59% return.

It also places places 9th in Australia based on median property value growth during the quarter.

Data report can be found below

Yarragon
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $605,000 N/A
GROWTH REPORT
Median Quarterly 16.35% N/A
Median 12 month 45.78% N/A
Median 3 years 54.14% N/A
Median 5 years 89.06% N/A
10 years average annual 10.46% N/A
Weekly media advert. rent $417.5 N/A
Time on Market 51.2 days N/A
Gross Rental Yield Percent 3.59% N/A
demographics (median values)*
Total Population
1838
Weekly Household Income
1189
Household Size
2.40
Age
45
Monthly Loan Repayment
1309
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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