Investment property in Yankalilla has done 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 -13.33%
A 15.56% growth in median value for property investors in Yankalilla,5203 puts this suburb at number 335th in terms of best performing suburbs in SA
Vendor discounting in Yankalilla is giving property investors an average Vendor Discount of around -3.32%. This puts suburb at number 363th in SA when ranking the most discounted suburbs.
Often selling an investment property can take time, and in Yankalilla the average time real estate has been on the market is 130.45 days.
The agricultural hub that is Yankalilla has been chugging along steadily over recent years, although the April 2017 quarter findings from CoreLogic could be suggesting the start of a different trend.Full summary
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Farming suburb should keep an eye on the housing market
Median house price: $320,000
Three-year growth: 36.17%
Rental yield: 4.47%
The agricultural hub that is Yankalilla has been chugging along steadily over recent years, although the April 2017 quarter findings from CoreLogic could be suggesting the start of a different trend.
House values slipped by 3% to $320,000 in this period, following the recording of 11% over the previous year. Nonetheless, investor returns remain strong at almost 4.5%, and the average discount rate is still favourable at 3.8%.
Yankalilla’s location could also be key to a resurgence, as it is near the water. It is right in the Bungala River valley and is surrounded by the Mount Lofty Ranges, which cultivates excellent conditions for farming. The burgeoning forestry and tourism industries also offer good employment opportunities.
Yankalilla places significant emphasis on community involvement, with many facilities and events established to facilitate camaraderie.