TYABB, 3913 ranks 412th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 20.93% for property investors.
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 $520,000.
The upward trend in home prices in TYABB, 3913 averaged 14.09% per annum over a 3-year period.
Average weekly rents on listings have reached the $400 mark, reflecting a 4% increase in returns based on the current median price in TYABB.
An average of 3.08 real estate transactions take place per month in TYABB which translates to 37 per annum.
37 properties were sold in TYABB in 2016, making it the 254th most active market in VIC based on total real estate transactions.
TYABB, 3913 places 398th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||20.93%||28.2%|
|Median 3 years||42.27%||N/A|
|Median 5 years||39.41%||28.45%|
|10 years average annual||6.37%||5.81%|
|Weekly media advert. rent||$400||N/A|
|Time on Market||21.1 days||0.0 days|
|Gross Rental Yield Percent||4%||N/A|