Over the last year, property investments in Yamba, 2464 have given investors a capital gain of 1.85%. This compares favourably with the 0.15% for NSW as a whole.
Across a shorter period, Yamba, 2464 has seen a median price increase of 2.80% over the last quarter.
Vendor discounting in Yamba is giving property investors an average Vendor Discount of around -4.59%. This puts suburb at number 746th in NSW when ranking the most discounted suburbs.
With the median price for a house in Yamba being $550000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 4.68%
Property value increases in Yamba have tracked just higher than the NSW average of -0.92% over the last 12 months.
The five-year average increase in median property values for Yamba,2464 has given property investors a potential capital gain of 45.76% across each of those five years.
Yamba, 2464 is offering NSW ‘s 326th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
On average over the past year, suburb has had 6.08 sales per month, which equates to 73 per year.
A $400 per week rent on the median house gives suburb investors a gross yield of circa 4.84%, without taking into account capital value appreciation, which has been averaging out at 3.89%.
Information supplied by:
Yamba, NSW – Rental market loosens
Median house price: $557,000
Vacancy rate: 6.1%
Three-year growth: 4.1%
The suburb of Yamba is where surf, sand and seafood meet. A popular tourism destination in NSW’s Northern Rivers region, holidaymakers flock to this spot for vacations by the shore.
Yamba lies at the mouth of the Clarence River, where you can take a kayak to the water and relish in the scenery. The commercial area is bustling with cafes and restaurants serving Yamba’s popular prawns. The local produce is also celebrated in festivals and markets.
You can watch dolphins frolic along the estuary, and do some deep-sea fishing in the Pacific. Nearby Angourie Point is where surfers go for some of the best waves in the country.