Yallambie is an average performer in VIC when comparing median price capital growth over the last year. Yallambie gave property investors a average capital gain figure when compared to the rest of the state, with -3.49%.
The five-year average increase in median property values for Yallambie,3085 has given property investors a potential capital gain of 43.18% across each of those five years.
Vendor discounting in Yallambie is giving property investors an average Vendor Discount of around -5.88%. This puts suburb at number 360th in VIC when ranking the most discounted suburbs.
At number 1505 in a list of fastest selling suburbs, Yallambie is just in the top half of suburbs in Australia with an average of days on market 67.1333 for properties listed there.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
Information supplied by:
Melbourne neighbour maintains growth
Median house price: $812,500
Three-year growth: 23.5%
Rental yield: 2.9%
Located 16km northeast of the Melbourne CBD, the suburb of Yallambie is mainly known for being the location of the Simpson Army Barracks, which was established back in World War II. A large chunk of land in the vicinity of the barracks was claimed for residential purposes in the late 1980s. Nonetheless, the military presence remains strong with the ARPANSA Federal Government agency holding their base here.
The suburb is tucked between Greensborough Road and Plenty River, and is home to Streeton Primary School, which is a merger of the former Watsonia South Primary School and Yallambie Primary School. Yallambie Park Pre-School is situated on the same street.
Yallambie is rather pricey due to its proximity to Melbourne. Thus far, it has sustained its growth momentum over the year to December 2018, but the December 2018 quarter reported a slight dip in house values.