25 September 2017

Suburb to watch: YARRAVILLE

Source: Your Investment Property

Mix the best bits of a dynamic inner-city neighbourhood with a village vibe and you get Yarraville, just 10 kilometres from Melbourne's CBD but a world away when it comes to pace and atmosphere.


House Report:

Investment property in Yarraville has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 14.57%

The five-year average increase in median property values for Yarraville,3013 has given property investors a potential capital gain of 58.84% across each of those five years.

Sellers are offering property buyers an average discount of -2.50% to buyers in Yarraville at the moment, which is less than average for the rest of VIC.

On average over the past year, suburb has had 16.08 sales per month, which equates to 193 per year.

 

Unit Report:

VIC has seen average median house prices change by 4.28% which means that Yarraville, 3013 has done well for property investors by showing a capital gain of -6.27% over the last year

Yarraville, 3013 was ranked 179 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.03% offered to property buyers. Sellers in Yarraville itself are offering an average vendor discount of -4.95% to real estate investors.

Residents and property investors in Yarraville have been waiting around 91.08 days to sell a property.

Renters in Suburb are facing rents around $4650 per annum or $387.5 every week.