Giving property investors a a solid capital gain of 18.75% for the last year, South Yarra, 3141 is the 465th highest performer in Australia in this respect.
Comparing South Yarra,3141 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
South Yarra3141 is located in VIC which offers an average discount of -5.71% to property investors. South Yarra itself is showing figures that indicate -6.34% is the average achievable by property buyers investing in the suburb.
Property investors should expect to get $650 weekly from the median priced house in this suburb.
With a capital gain of -3.45% for the last 12 months, South Yarra, 3141 has performed for property investments than its average annual 4.77% property growth over the last 5 years.
A 5.03% growth in median value for property investors in South Yarra,3141 puts this suburb at number 226th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in South Yarra are currently offering property investors an average price cut of -6.59% below the asking price at the moment.
A $450 per week rent on the median house gives suburb investors a gross yield of circa 4.18%, without taking into account capital value appreciation, which has been averaging out at 4.77%.
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.