Giving property investors a a solid capital gain of 21.35% for the last year, Yaroomba, 4573 is the 239th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Yaroomba has increased when compared to the 5 year average annual rate.
Yaroomba, 4573 is offering QLD ‘s 105th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.
Advertised rents are around the $500 mark per week – giving a return of 3.44% based on the median price in Suburb
QLD has seen average median house prices change by 0.73% which means that Yaroomba, 4573 has done well for property investors by showing a capital gain of -2.89% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Yaroomba comes in at number 2nd in QLD.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.73% offered to property buyers. Sellers in Yaroomba itself are offering an average vendor discount of -5.67% to real estate investors.
On average over the past year, suburb has had 1.75 sales per month, which equates to 21 per year.
Using the current median advertised rental of $695 and the average annual increase in value of a median property of 13.89%, investors should hope to achieve an overall return of 4.30%
Known for being the site of an old shipwreck, Yaroomba has been reaping the benefits of being part of the successful Sunshine Coast.Full summary
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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. Close