Yamba is in the bottom 20% in NSW when comparing median price capital growth over the last year. Yamba gave property investors a dismal capital gain figure when compared to the rest of the state, with 2.58%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yamba has increased when compared to the 5 year average annual rate.
The most recent median price for Yamba is $497500, with sellers offering an average of -4.76% off the asking price.
Advertised rents are around the $450 mark per week – giving a return of 4.70% based on the median price in Suburb
NSW has seen average median house prices change by 8.01% which means that Yamba, 2464 has done well for property investors by showing a capital gain of 14.44% over the last year
If we look at median property appreciation over just the last three months, Yamba has given property investors a paper return of 3.38%. This puts Suburb as 184 on a list of fastest fasting appreciating suburbs in NSW
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.12% offered to property buyers. Sellers in Yamba itself are offering an average vendor discount of -4.32% to real estate investors.
Renters in Suburb are facing rents around $4680 per annum or $390 every week.