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NYORA, 3987 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Average median house prices in VIC have risen as a whole, pulling NYORA, 3987 values up and netting property investors a capital gain of 10.98% for the past year.
Investors saw the median home price rise to $396,750.
Profits due to an upward trend in home prices in the suburb averaged 10.75% per annum over a 3-year period.
NYORA now ranks at the 76th place on a list of fastest growing suburbs in the territory.
Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In NYORA, homes and units usually stay on listing for an average of 0.0 days.
In 2016, 12 properties were sold in NYORA during the past year, making it the 652nd most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $396,750 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 5.8% | N/A |
| Median 12 month | 10.98% | N/A |
| Median 3 years | 32.25% | N/A |
| Median 5 years | N/A | N/A |
| 10 years average annual | 10.98% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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