Suburb Profile Report for Yea VIC (3717)

Yea House: Median price $325,000, Annual capital growth 4.29%, Number of sales 39, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

Investment property in Yea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 25.00%

While Yea,3717 ranked number 132th in VIC for increase in median house value (annualised) increase, it is ranked 381th over the last 5 years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.71% offered to property buyers. Sellers in Yea itself are offering an average vendor discount of -6.27% to real estate investors.

Yea, 3717’s gross rental yield is 4.80%

Information supplied by:


May 2017

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Located at the junction of the Goulburn Valley Highway and the Melba Highway, the suburb of Yea maximises its accessibility to drive a consistent increase in house prices. The suburb recorded almost 15% growth in the past 12 months, with 12.26% growth in the February 2017 quarter alone.Full summary

Fossil site capitalises on affordability and long-term value
Median house price: $297,500
Three-year growth: 15.53%
Rental yield: 5.07%

Located at the junction of the Goulburn Valley Highway and the Melba Highway, the suburb of Yea maximises its accessibility to drive a consistent increase in house prices.

The suburb recorded almost 15% growth in the past 12 months, with 12.26% growth in the February 2017 quarter alone. Even then, the median house price stays quite low, not reaching $300,000. Coupled with the considerable returns of over 5%, investor activity likely accounts in part for the suburb’s shine.

Detached housing comprises the majority of stock in this suburb. Yea is mainly supported by the farming industry and tourism, as it is known for its heritage sites. Primary and high schools have been established here as well. However, it can be hard for commuters to get around as coach services from Yea to Melbourne and Mansfield are offered only twice a day.

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Metrics i HOUSE UNIT
$325,000 N/A
5.69% N/A
25.00% N/A
4.29% N/A
$300 N/A
39 N/A
4.80% N/A
126.25 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 1594
Median household income ($/weekly) 789
Median age of persons 48
Median housing loan repayment ($/monthly) 1320
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 171 10.7
    35-44 years 181 11.4
    45-54 years 231 14.5
    55-64 years 254 15.9
    65-74 years 245 15.4
    Others 512 32.1
    Age Group
    Census Count Percent(%)
    Registered Married 611 51.1
    Not Married 481 40.3
    Defacto Relationship 103 8.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1363 89.0
    New Zealand 10 0.7
    Papua New Guinea 14 0.9
    United Kingdom 72 4.7
    Other 20 1.3
    Others 53 3.5
    Country of Birth
    Census Count Percent(%)
    Christianity 958 65.3
    No Religion 485 33.1
    Buddhism 15 1.0
    Other Religious Groups 6 0.4
    Hinduism 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 11.1
    $400-$599 98 16.0
    $600-$799 85 13.9
    $800-$999 59 9.6
    $1,000-$1,249 63 10.3
    Others 240 39.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 553 43.2
    Employed, worked full-time 348 27.2
    Employed, worked part-time 291 22.7
    Employed, away from work 52 4.1
    Unemployed, looking for work 36 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 129 18.7
    Professionals 120 17.4
    Technicians & trades workers 104 15.1
    Community & personal service workers 77 11.1
    Labourers 85 12.3
    Others 176 25.5
    Occupation
    Census Count Percent(%)
    Pre-school 28 9.7
    Infants/Primary 93 32.1
    Secondary 106 36.6
    Technical or Further Educational Institution 31 10.7
    University or other Tertiary Institutions 23 7.9
    Others 9 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1383 93.8
    Caravan, cabin, houseboat 40 2.7
    Semi-detached, row or terrace house, townhouse 26 1.8
    House or flat attached to a shop, office 21 1.4
    Flat, unit or apartment 5 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 334 50.5
    Being purchased 184 27.8
    Rented 133 20.1
    Other tenure type 10 1.5
    Tenure Type
Census 2011, ABS
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