Giving property investors a a poor capital gain of -9.45% for the last year, Yaroomba, 4573 is the 3288th highest performer in Australia in this respect.
Yaroomba,4573 was ranked 999 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Yaroomba are currently offering property investors an average price cut of -5.89% below the asking price at the moment.
A $545 per week rent on the median house gives suburb investors a gross yield of circa 3.84%, without taking into account capital value appreciation, which has been averaging out at 4.83%.
Information supplied by:
Surf’s up for Sunshine Coast suburb
Median house price: $629,000
Three-year growth: 22.14%
Rental yield: 3.89%
Known for being the site of an old shipwreck, Yaroomba has been reaping the benefits of being part of the successful Sunshine Coast.
The suburb has reported positive growth for the past five years, although the increase hasn’t always been significant. In the previous year, Yaroomba house prices rose by over 14%, bringing the median value to just under $630,000.
The suburb’s name, which translates to “surf on the beach,” highlights one of Yaroomba residents’ favourite activities. There are shops, restaurants and cafes in town as well. Kindergarten and high schools are less than 10 minutes away in nearby Coolum Beach, along with a supermarket, shopping centre and medical centre.
Buses to Maroochydore Station can be caught at the David Low Way stop.