Investment property in Tyabb has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.89%
While Tyabb,3913 ranked number 264th in VIC for increase in median house value (annualised) increase, it is ranked 69th over the last 5 years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tyabb, 3913. Typically our figures indicate that -5.88% is being offered, which puts this VIC suburb at 1722th most discounted overall in Australia.
Advertised rents are around the $450 mark per week – giving a return of 3.80% based on the median price in Suburb
Tyabb, 3913’s gross rental yield is 3.93%
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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.