At number 1891th in the list of Australian suburbs ordered by increase in median house value over the last year, Kialla, 3631 is in the top half with a property value increase of 1.22% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Kialla,3631 has racked up an average of 1.22% over the period. This ranks it number 1786th in the whole country for real estate investors looking at median house price increases.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Kialla itself are offering an average vendor discount of -4.12% to real estate investors.
With the median price for a house in Kialla being $425000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 4.76%
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Growth is consistent
Median house price: $403,000
Three-year growth: 9.8%
Rental yield: 5.1%
A rural suburb in the LGA of Greater Shepparton City, Kialla offers a moderately priced house market with a median price of around $400,000. There are three man-made lakes in the area of Kialla Lakes, and properties with views of these water features command the highest values.
The suburb has enjoyed consistent growth since 2013, and rental houses generate strong yields at an average rate of 5.1%. A low average discount rate suggests that there is excellent demand for properties here. This appeal could have been enhanced by Kialla’s proximity to the Shepparton CBD, which is 9km away and provides access to shopping centres like Maude Street Mall and local attractions like the Shepparton Art Museum.
Racing makes up a big part of the sports scene in Kialla – the local racetrack is the site of regular meetings for the Shepparton Harness Racing Club and the Shepparton Greyhound Racing Club.