At number 717th in the list of Australian suburbs ordered by increase in median house value over the last year, South Yarra, 3141 is in the top 20% with a property value increase of 16.74% recorded in median house prices.
The five-year average increase in median property values for South Yarra,3141 has given property investors a potential capital gain of 133.77% across each of those five years.
South Yarra, 3141 is offering VIC ‘s 35th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.
South Yarra, 3141’s gross rental yield is 1.82%
South Yarra is in the bottom 40% in VIC when comparing median price capital growth over the last year. South Yarra gave property investors a disappointing capital gain figure when compared to the rest of the state, with 2.74%.
Taking the average capital gain, or increase in median house value, South Yarra,3141 has racked up an average of 2.74% over the period. This ranks it number 1310th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in South Yarra are currently offering property investors an average price cut of -6.26% below the asking price at the moment.
Situated 3.79km from the CBD, South Yarra is one of Stonnington localities in the postcode 3141.
Richmond and South Yarra are premium suburbs for investors. Both suburbs offer exceptional amenity positioned within minutes to the CBD. Rental returns are reflected in the premium locale of both suburbs which in turn attracts high quality tenants and minimum vacancy days.Full summary
Information supplied by:
Melbourne Real Estate
03 9429 0455
Selling points: Richmond and South Yarra are premium suburbs for investors. Both suburbs offer exceptional amenity positioned within minutes to the CBD. Rental returns are reflected in the premium locale of both suburbs which in turn attracts high quality tenants and minimum vacancy days.
Most sought after properties: One bed apartments are always in high demand followed by two bedrooms with two baths. Both are popular with young urban professionals.
Most common properties: High rise apartments, ultra modern renovated homes as well as period homes.
Top amenities: World class restaurants, cosmopolitan cafes, high quality retail and some of Melbourne’s best schools. Positioned near the Yarra River offering kilometres of walking, running and bicycle tracks.
Local industry and businesses: Restaurants and retail as well as offices.
Recent changes: The Forest Hill Precinct has undergone a major revitalization in the last 5 years. What was once a dilapidated eyesore in a Blue Chip suburb is now home to world famous bars, restaurants and cafes. Luxurious buildings now dot the skyline of what was once a streetscape of warehouses.
Best streets: Tree lined streets close to the main shopping strips and public transport.
Public transport: Excellent. Trams, trains and busses are within short walking distance.
Main arteries: Easy access to freeways and toll roads. Minutes from the CBD.