Giving property investors a an average capital gain of 1.84% for the last year, Tyabb, 3913 is the 2047th highest performer in Australia in this respect.
A 48.92% growth in median value for property investors in Tyabb,3913 puts this suburb at number 524th in terms of best performing suburbs in VIC
Sellers are offering property buyers an average discount of -5.04% to buyers in Tyabb at the moment, which is less than average for the rest of VIC.
In the last year 36 properties changed hands in Tyabb, which puts it as the 496th most active market in VIC when comparing the number of sales per suburb.
Renters in Suburb are facing rents around $21320 per annum or $410 every week.
Information supplied by:
Rustic suburb sustains consistent demand
Median house price: $566,000
Three-year growth: 43.3%
Rental yield: 3.8%
A suburb festooned with lush greenery and beautiful homes, Tyabb’s rustic, semi-rural charm draws a wide demographic of residents, including families and retirees.
Tyabb is part of the Western Port’s urban enclave, along with Crib Point, Hastings, Somerville and Bittern. There are several quality schools in this area, including Padua College and Flinders Christian College. Mornington-Tyabb Road leads into the suburb’s main shopping hub. Tyabb is particularly famous for its antique shops, and the Tyabb Packing House complex houses one of the largest collections of antiques in the southern hemisphere.
This location contributes to the suburb’s reasonable house prices, with a median of just over $550,000. Nonetheless, Tyabb’s distance from the capital has not affected its growth potential, as the suburb has maintained positive growth for the past five years to December 2018.