Property investors who have had real estate in Yarraville, 3013 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.86%
Taking the average capital gain, or increase in median house value, Yarraville,3013 has racked up an average of 11.86% over the period. This ranks it number 1190th in the whole country for real estate investors looking at median house price increases.
Property investors looking for a bargain in Yarraville should be aiming for at least -22.74% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Yarraville the average time real estate has been on the market is 59.03 days.
Situated 7.13km from the CBD, Yarraville is one of Maribyrnong localities in the postcode 3013.
Property value increases in Yarraville have tracked lower than the VIC average of 2.98% over the last 12 months.
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.
Vendor discounting in Yarraville is giving property investors an average Vendor Discount of around -3.67%. This puts suburb at number 251th in VIC when ranking the most discounted suburbs.
The VIC suburb of Yarraville, 3013 is in the Maribyrnong local government area.