Woori Yallock has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 0.10% to date .
Over the longer term, Woori Yallock has seen property prices show investors a 41.20% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Woori Yallock should be aiming for at least -5.17% off the asking price, which is the average vendor discount being achieved at the moment.
Advertised rents are around the $365 mark per week – giving a return of 3.75% based on the median price in Suburb
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Demand spikes in suburb with great views
Median house price: $510,000
Three-year growth: 54.5%
Rental yield: 3.6%
A small suburb that houses many amenities, Woori Yallock’s popularity is best observed in its considerable and consistent growth since 2013.
The house market boasts a remarkable average annual growth rate of 8.3%, with prices soaring by 22.6% in just the 12 months to June 2018. The median value of houses has passed $500,000 in this period, but despite the price hikes, vendors are able to unload properties quickly at a low average discount rate of 2.2%. Houses spend only 36 days on the market.
Located in the Shire of Yarra Ranges, Woori Yallock offers beautiful views of the valley. It is a great spot for foodies, as it has many cafes, restaurants and wineries. Warburton Trail winds through Woori Yallock, and there is a football oval for sporting activity. A primary school is established here as well.