Tyabb

POSTAL CODE: VIC, 3913

HOUSE

UNIT

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 $815,000.

The upward trend in home prices in TYABB, 3913 averaged 1.38% per annum over a 3-year period.

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in TYABB.

An average of 3.42 real estate transactions take place per month in TYABB which translates to 41 per annum.

41 properties were sold in TYABB in 2016, making it the 238th most active market in VIC based on total real estate transactions.

TYABB, 3913 places 271st in Australia based on median property value growth during the quarter.

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 $585,000.

Investors saw the median home price rise to $585,000.

The downward trend in home prices in TYABB, 3913 averaged -3.41% per annum over a 3-year period.

TYABB now ranks at the th 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 TYABB are high, as opposed to average gains per annum over the past five years.

Real estate investors could earn a rental income of N/A based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In TYABB, homes and units usually stay on listing for an average of N/A.

10 properties were sold in TYABB in 2016, making it the 408th most active market in VIC based on total real estate transactions.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$815,000	$585,000
Growth Report
Median Quarterly	1.88%	0%
Median 12 month	7.52%	-2.5%
Median 3 years	4.15%	-10.24%
Median 5 years	26.43%	0%
10 years average annual	7.57%	13.06%
Weekly media advert. rent	N/A	N/A
Time on Market	43.8 days	N/A
Gross Rental Yield Percent	0%	0%

Demographics (Median Values)*

Total Population 3338

Weekly Household Income 1523

Household Size 2.70

Average Age 41

Monthly Loan Repayment 1571

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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