Investment property in Yarra Junction has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.84%
Yarra Junction,3797 has offered an average of 1.84% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Yarra Junction is offering property investors an average of -5.53. This rate of discount on properties puts Suburb at number 175th in terms of most discounted suburbs in VIC
In the last year 41 properties changed hands in Yarra Junction, which puts it as the 477th most active market in VIC when comparing the number of sales per suburb.
Yarra Junction, 3797’s gross rental yield is 3.99%
Property value increases in Yarra Junction have tracked higher than the VIC average of 4.79% over the last 12 months.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Yarra Junction itself are offering an average vendor discount of -3.81% to real estate investors.