The suburb’s capital gain of -12% for the past year is lower than average compared to its 9.18% growth within a five-year period.
Also in YARRAM, the median home price is sitting at $220,000, and the average rent at $260, this suggests property owners could potentially earn a 6.15% increase in gross rental yield.
Property investors have seen a -2.22% drop in YARRAM based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.96% growth over a ten-year period. It ranks 2664th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-12%||N/A|
|Median 3 years||17.33%||N/A|
|Median 5 years||9.18%||N/A|
|10 years average annual||2.96%||N/A|
|Weekly media advert. rent||$260||N/A|
|Time on Market||0.0 days||N/A|
|Gross Rental Yield Percent||6.15%||N/A|