If you compare the increase in value of investment property in Yarraville, 3013 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 10.00%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yarraville has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Yarraville is offering property investors an average of -5.99. This rate of discount on properties puts Suburb at number 39th in terms of most discounted suburbs in VIC
Yarraville, 3013’s gross rental yield is 2.92%
At number 1496th in the list of Australian suburbs ordered by increase in median house value over the last year, Yarraville, 3013 is in the BOTTOM 20% with a property value increase of -7.21% recorded in median house prices.
Yarraville,3013 was ranked 1432 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Yarraville should be aiming for at least -7.70% off the asking price, which is the average vendor discount being achieved at the moment.
Yarraville, 3013’s gross rental yield is 3.93%