At number 823th in the list of Australian suburbs ordered by increase in median house value over the last year, Woori Yallock, 3139 is in the top 20% with a property value increase of 10.52% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Woori Yallock comes in at number 127th in VIC.
The most recent median price for Woori Yallock is $520000, with sellers offering an average of -3.68% off the asking price.
In the last year 42 properties changed hands in Woori Yallock, which puts it as the 460th most active market in VIC when comparing the number of sales per suburb.
Woori Yallock, 3139’s gross rental yield is 3.65%
A small suburb that houses many amenities, Woori Yallock’s popularity is best observed in its considerable and consistent growth since 2013Full summary
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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.Close