Property investors could wear cost of changes to mortgage broker regulation
Experts fear that property investors will absorb the cost of changes to how mortgage brokers are paid and regulated, as both sides of govern...
WY YUNG, 3875 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 $324,000.
Profits due to an upward trend in home prices in the suburb averaged 5.94% per annum over a 3-year period.
WY YUNG now ranks at the 319th place on a list of fastest growing suburbs in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in WY YUNG are high, as opposed to average gains per annum over the past five years.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WY YUNG, homes and units usually stay on listing for an average of 108.5 days.
In 2016, 20 properties were sold in WY YUNG during the past year, making it the 474th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $324,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.25% | N/A |
| Median 12 month | -2.56% | N/A |
| Median 3 years | 17.82% | N/A |
| Median 5 years | 1.25% | N/A |
| 10 years average annual | 1.1% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 108.5 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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