Over the last year, property investments in Yarra Junction, 3797 have given investors a capital gain of 0.95%. This compares very badly with the 8.96% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yarra Junction has increased when compared to the 5 year average annual rate.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.87% offered to property buyers. Sellers in Yarra Junction itself are offering an average vendor discount of -7.12% to real estate investors.
Using the current median advertised rental of $330 and the average annual increase in value of a median property of 5.17%, investors should hope to achieve an overall return of 4.04%
Property investors who have had real estate in Yarra Junction, 3797 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 22.73%
Taking the average capital gain, or increase in median house value, Yarra Junction,3797 has racked up an average of 22.73% over the period. This ranks it number 375th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Yarra Junction is offering property investors an average of -5.07. This rate of discount on properties puts Suburb at number 246th in terms of most discounted suburbs in VIC
Residents and property investors in Yarra Junction have been waiting around 68.69 days to sell a property.