If you compare the increase in value of investment property in Yerrinbool, 2575 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -4.17%.
Yerrinbool,2575 has offered an average of -4.17% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Yerrinbool is giving property investors an average Vendor Discount of around -7.34%. This puts suburb at number 274th in NSW when ranking the most discounted suburbs.
Situated 83.05km from the CBD, Yerrinbool is one of Wingecarribee (A) localities in the postcode 2575.
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Median house price: $592,500
Three-year growth: 75.8%
Rental yield: 3.7%
Known as the first Southern Highlands town coming off the Hume Highway, you know you’ve found Yerrinbool when you find its distinctive “Welcome to the Southern Highlands” sign.
Its namesake suburb is looking at considerable consistent growth, with the median house price hitting $592,500 over the past 12 months leading up to November 2017. Despite the high house values and a low average yield of just 3.7%, buyers are snagging properties within 36 days of being on the market.
Yerrinbool is also known for its fresh produce, especially the Tennessee Orchard’s apples. There is also a sports field and a skate park for recreational purposes. The presence of the Yerrinbool railway station makes commuting easy for residents, and while it is distant from the Sydney CBD, Yerrinbool is just 12km from Mittagong.