Property investors who have had real estate in Woori Yallock, 3139 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 2.90%
Woori Yallock,3139 has offered an average of 2.90% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -5.98% to buyers in Woori Yallock at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Woori Yallock the average time real estate has been on the market is 66.3158 days.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
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Demand spikes in suburb with great views
Median house price: $510,000
Three-year growth: 54.5%
Rental yield: 3.6%
A small suburb that houses many amenities, Woori Yallock’s popularity is best observed in its considerable and consistent growth since 2013.
The house market boasts a remarkable average annual growth rate of 8.3%, with prices soaring by 22.6% in just the 12 months to June 2018. The median value of houses has passed $500,000 in this period, but despite the price hikes, vendors are able to unload properties quickly at a low average discount rate of 2.2%. Houses spend only 36 days on the market.
Located in the Shire of Yarra Ranges, Woori Yallock offers beautiful views of the valley. It is a great spot for foodies, as it has many cafes, restaurants and wineries. Warburton Trail winds through Woori Yallock, and there is a football oval for sporting activity. A primary school is established here as well.