Yarraville is an average performer in VIC when comparing median price capital growth over the last year. Yarraville gave property investors a good capital gain figure when compared to the rest of the state, with 10.87%.
The five-year average increase in median property values for Yarraville,3013 has given property investors a potential capital gain of 49.65% across each of those five years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Yarraville itself are offering an average vendor discount of -15.71% to real estate investors.
Yarraville is in the bottom 10% in VIC when comparing median price capital growth over the last year. Yarraville gave property investors a dismal capital gain figure when compared to the rest of the state, with -12.68%.
Taking the average capital gain, or increase in median house value, Yarraville,3013 has racked up an average of -12.68% over the period. This ranks it number 1068th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Yarraville is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 263th in terms of most discounted suburbs in VIC
Using the current median advertised rental of $385 and the average annual increase in value of a median property of 3.49%, investors should hope to achieve an overall return of 4.17%