At number 1751th in the list of Australian suburbs ordered by increase in median house value over the last year, Yallambie, 3085 is in the top half with a property value increase of 2.45% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Yallambie,3085 has racked up an average of 2.45% over the period. This ranks it number 1489th in the whole country for real estate investors looking at median house price increases.
Yallambie is 457th on a list of best yielding suburbs for rents in VIC with a 2.90% return
Information supplied by:
Melbourne neighbour maintains growth
Median house price: $812,500
Three-year growth: 23.5%
Rental yield: 2.9%
Located 16km northeast of the Melbourne CBD, the suburb of Yallambie is mainly known for being the location of the Simpson Army Barracks, which was established back in World War II. A large chunk of land in the vicinity of the barracks was claimed for residential purposes in the late 1980s. Nonetheless, the military presence remains strong with the ARPANSA Federal Government agency holding their base here.
The suburb is tucked between Greensborough Road and Plenty River, and is home to Streeton Primary School, which is a merger of the former Watsonia South Primary School and Yallambie Primary School. Yallambie Park Pre-School is situated on the same street.
Yallambie is rather pricey due to its proximity to Melbourne. Thus far, it has sustained its growth momentum over the year to December 2018, but the December 2018 quarter reported a slight dip in house values.